Dow Jones cracks 666 points as economic data weighs
The S&P 500 opened lower by 76.15 points, or 1.50%, at 4,995.42, while the Nasdaq Composite dropped 337.49 points, or 2.15%, to 15,375.26 at the opening bell.
U.S. stocks opened sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon.The Industrial Average cracked 666 points, or 1.73%, within minutes of opening to 37,794.69.
The S&P 500 opened lower by 76.15 points, or 1.50%, at 4,995.42, while the Composite dropped 337.49 points, or 2.15%, to 15,375.26 at the opening bell.
More to come....
Source: Stocks-Markets-Economic Times
