The Miami Entrepreneur

: Dow closes off nearly 500 points as Fed speak, China worries rattle markets

Read Time:33 Second

U.S. stocks finished sharply lower on Monday as several senior Federal Reserve officials hurt demand for stocks with hawkish commentary, while worries about the burgeoning protest movement in China rippled across global markets. The S&P 500 SPX finished down 62.17 points, or 1.5%, to 3,96395. The Dow Jones Industrial Average DJIA closed off 497.57 points, or 1.5%, to 33,849.46. The Nasdaq Composite COMP closed 176.86 points, or 1.6%, lower at 11,049.50.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post U.S. warns California cities to prepare for possible water cuts and fourth year of drought
Next post The Wall Street Journal: Elon Musk claims Apple is threatening to remove Twitter from App Store