How major US stock indexes fared Thursday, 4/25/2024
Stocks closed lower on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags.
A sharp drop for Meta Platforms, one of Wall Street’s most influential stocks, also dragged the market lower. The S&P 500 fell 0.5% Thursday after paring an earlier drop of 1.6%. The Dow Jones Industrial Average lost 1%, and the Nasdaq composite gave back 0.6%.
Treasury yields climbed after the government reported that inflation remained hotter than forecast during the first three months of the year. The economy’s growth also slowed more than expected.
On Thursday:
The S&P 500 fell 23.21 points, or 0.5%, to 5,048.42.
The Dow Jones Industrial Average fell 375.12 points, or 1%, to 38,085.80.
The Nasdaq composite fell 100.99 points, or 0.6%, to 15,611.76.
The Russell 2000 index of smaller companies fell 14.31 points, or 0.7%, to 1,981.12.
Related articles
Activists in Bangladesh march through universities to demand end to Israel
DHAKA, Bangladesh (AP) — Thousands of activists in Bangladesh backed by the ruling party’s student w2024-05-07Chris Hemsworth flexes muscular form as sword
On Monday, Chris Hemsworth ditched his elegant, ornate-looking Thor costume in favor of a more carto2024-05-07Olympic refugee athlete Lohalith suspended in the team's 3rd doping case ahead of Paris Games
GENEVA (AP) — A third runner on the Refugee Olympic Team has been suspended for a positive doping te2024-05-07Twins bring closer Jhoan Duran back from injured list with strained oblique muscle
CHICAGO (AP) — The Minnesota Twins reinstated closer Jhoan Duran from the 15-day injured list on Tue2024-05-0776ers president Daryl Morey has big plans to build NBA title team around Embiid and Maxey
CAMDEN, N.J. (AP) — Say goodbye to the 76ers.No, not Joel Embiid. Tyrese Maxey is sticking around, t2024-05-07US House votes to remove wolves from endangered list in 48 states
The U.S. House voted Tuesday to end federal protection for gray wolves, approving a bill that would2024-05-07
atest comment