The Miami Entrepreneur

: Dow falls 400 points as stocks suffer worst drop in a month after PPI data, Fed comments

Read Time:31 Second

U.S. stocks suffered their worst drop in a month on Thursday after hotter-than-expected data on wholesale prices and talk of more aggressive interest-rate hikes rattled markets. The S&P 500 SPX fell 57.19 points, or 1.4%, to 4,090.41. The Dow Jones Industrial Average DJIA shed 431.20 points, or 1.3%, at 33,696.85. The Nasdaq Composite COMP dropped by 214.76 points, or 1.8%, to 11,855.83.

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 : Applied Materials fiscal Q1 tops views on ‘growing’ service business
Next post : Facebook parent company Meta introduces broadcast channels to Instagram