Stock losses accelerate into the close as momentum stalls: Nasdaq drops 3%, Dow sheds nearly 500 points


US stocks were under pressure Tuesday, with the Nasdaq losing about 3% as selling ramped for technology shares especially. As of the close, the S&P 500 was off 2%, bringing it down to 3,821.74. The Dow fell by 490 points, or 1.6%, and the Nasdaq dropped 2.98% to 11,181.54. The small cap Russell 2000 was…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Former village chief nabbed over meth, ‘hot’ lumber in Kalinga province
July housing starts fall 9.6%
US enters ‘housing recession’ as homebuilder sentiment plunges to fresh 2-year low, NAHB says
Deadwood technology aims to revolutionize North American forestry –
Construction input prices decrease in July, still up 17% from a year ago