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2020-

2020-09-03 f
Either Insiders Expect the Durham Probe Will Produce Indictments Tomorrow, 4 September,
OR, the Latest Magic Money Fueled Market Bubble Has Popped

Dow ends more than 800 points lower as tech plunge gives stocks worst day since June

Technology and other high-flying stock sectors suffered steep losses Thursday as investors appetite waned following an extraordinary rally in the past month, dragging the rest of the stock market lower.

How did stock-market benchmarks perform?

The Dow Jones Industrial Average DJIA, -2.77% DJIA, -2.77% ended with a loss of 807.77 points, or 2.8%, at 28,292.73, after dropping more than 1,000 points at its session low. The S&P 500 SPX, -3.51% closed 125.78 points lower, down 3.5%, at 3,455.06. The Nasdaq Composite COMP, -4.96% tumbled 598.34 points, or 5%, to end at 11,458.10. The declines marked the biggest one-day drops for all three indexes since June.

The fall came a day after the S&P 500 claimed its 22nd record close of the year, while the tech-heavy Nasdaq Composite arrived at its 43rd such all-time high and the Dow topped the 29,000 level for the first time since February. Thursday’s fall snapped a four-day win streak for the Nasdaq and a 10-day run of gains for the S&P 500’s tech sector. (read more)

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