Stocks slammed as Dow tumbles 809 points, Nasdaq 3.9%
Case-Shiller's Housing Index rose a record 20.2% in February
U.S. stocks closed at the lows of the session on Tuesday as technology stocks paced the broad declines with the Nasdaq Composite off 3.9%. Inflation fears, slowing economic growth and a Federal Reserve prepared to raise interest rates creating the perfect storm for investors.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 41845.1 | -207.09 | -0.49% |
SP500 | S&P 500 | 5717.69 | -11.11 | -0.19% |
I:COMP | NASDAQ COMPOSITE INDEX | 18210.299591 | -29.62 | -0.16% |
The Dow Jones Industrial Average lost 809 points or 2.4%, while the S&P fell 2.8%.
The selling comes ahead of Microsoft and Google earnings due after the bell.
S&P 500 ABOUT TO FALL SHARPLY AS IT TEETERS ON BRINK OF BEAR MARKET, MORGAN STANLEY SAYS
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
MSFT | MICROSOFT CORP. | 410.37 | +4.02 | +0.99% |
GOOGL | ALPHABET INC. | 171.29 | +0.18 | +0.11% |
AMZN | AMAZON.COM INC. | 197.93 | +11.53 | +6.19% |
AAPL | APPLE INC. | 223.29 | -2.62 | -1.16% |
Later in the week, investors will hear from Amazon and Apple.
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In other earnings news, Pepsi joined Coca-Cola in reporting better than expected results. The soda and snack maker also lifted its revenue outlook for the year.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
PEP | PEPSICO INC. | 165.59 | -0.49 | -0.30% |
KO | THE COCA-COLA CO. | 65.01 | -0.30 | -0.46% |
General Electric shares fell after revenue fell short of the company's expectations tied to supply-chain issues and Russia-Ukraine headwinds.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
GE | GE AEROSPACE | 171.70 | -0.08 | -0.05% |
Twitter remains in focus as investors handicap what the new, privately held company will look like under the direction of Elon Musk.
TWITTER ACCEPTS MUSK'S $44 BILLION DEAL
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
TWTR | NO DATA AVAILABLE | - | - | - |
NETFLIX SUBSCRIBER LOSSES PROMPT ANIMATED PROJECT CANCELLATIONS: REPORT
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
USO | UNITED STATES OIL FUND - USD ACC | 72.02 | -1.06 | -1.45% |
BNO | UNITED STATES BRENT OIL FUND - USD ACC | 29.06 | -0.43 | -1.46% |
In commodities, oil rebounded, with U.S. crude rising to the $101.70 per barrel level, while Brent, the global benchmark, hit $104.99
In cryptocurrencies, Bitcoin fell below the $40,000 level.
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The Associated Press contributed to this report.