Dow Drops 458 Points As Stocks Resume Selloff

Wednesday's rally appears to have been short-lived, as the market resumed its selloff in full force. The Dow closed 458 points lower, led by Apple (AAPL), as interest rate concerns once again rose amongst investors. The Nasdaq fell triple digits as well, while the S&P 500 suffered its own steep loss, marking its lowest close of 2022. Additionally, bond yields resumed their rise after yesterday's noteworthy slide. 

The Dow Jones Average (DJI - 29,225.61) dropped 458.1 points or 1.5% for the session. Travelers (TRV) led the only two winners with a 1.2% rise, while Boeing (BA) landed at the bottom of the list with a 6.1% drop.

The S&P 500 Index (SPX - 3,640.47) shed 78.6 points, or 2.1%, while the Nasdaq Composite (IXIC - 10,737.51) fell 314.1 points, or 2.8%. 

Lastly, the Cboe Volatility Index (VIX - 31.84) added 1.7 points, or 5.5%, today.

closing indexes sept 29 22

nyse and nasdaq sept 29 22

earnings sept 29 22

uvol sept 29 22


Oil futures finished lower, but held above $80 a barrel, as production concerns due to Hurricane Ian simmered down. November-dated West Texas Intermediate (WTI) crude fell 92 cents, or 1.1%, to settle at $81.23 barrel.

Gold prices moved lower as well, as bond yields resumed their climb. December-dated gold dropped $1.40, or nearly 0.1%, to settle at $1,668.60 per ounce. 

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