Dow Sheds 605 Points, Logs Worst Day Of 2024

Nvidia's (NVDA) blockbuster earnings report could only prop up the broader market for so long. Stocks took a massive step back Thursday, with the Dow shedding more than 600 points for its biggest daily-digit drop since February 2023, with all three components finishing in the red. The tech-heavy Nasdaq and S&P 500 logged substantial losses as well, pulling back from record highs as investors weighed a sharp decline in home prices with plummeting chances of multiple interest rate hikes from the Fed this year.

Summary 0523

NYSE Nasdaq 0523

Earnings 0523

UVOL 0523


OIL, AND GOLD PRICES LOG MULTI-DAY LOSING STREAKS

Oil futures notched a fourth-straight loss. For the session, July-dated West Texas Intermediate (WTI) crude lost 70 cents, or 0.9%, at $76.87 a barrel.

Gold prices pulled back sharply today, marking a third-straight loss as traders continued to unpack the implications of the Federal Reserve's latest meeting minutes. For the session, June-dated gold lost $42.40, or 1.8% at $2,350.70 per ounce.


More By This Author:

Stocks Mixed Amid Flood Of Economic Data
Stocks Slide After Fed Minutes Raise Inflation Worries
Stocks Quiet Ahead Of Fed Minutes
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.