Dow ends down more than 250 points after late-session dive
The Dow ended Tuesday down 268 points, 0.8%, at 34,069
4:11pm: Amazon, other big tech stocks flip from green to red
The Dow ended Tuesday down 268 points, 0.8%, at 34,069 after a late session sell-off. After spending most of the day in positive territory, the Nasdaq closed 75 points lower, a 0.6% drop, at 13,304, and the S&P 500 declined 35 points, 0.9%, to 4,128.
Tech titans led the Nasdaq s late swoon, including Amazon.com Inc (NASDAQ:AMZN) shares of which went from up 1.2% at $3,312 to finish down 1.2% at $3,232.28.
12:20pm: Home Depot and Walmart sales indicative of consumer spending increases
The Dow was down 94 points, 0.3%, to 34,233 at midday, while the Nasdaq gained 59 points, 0.5%, to 13,438. The S&P 500 shed 6 points, 0.1%, to 4,158.
Wall Street continues to sink as inflation data spooks markets
Sentiment took a hit after the US consumer price index rose 4.2% year-over-year in April, up from 2.6% in March and much higher than the forecast of 3.6%
12:15pm: CPI jump well exceeded expectations
The Dow has only performed worse as the session has gone on, finding itself down 467 points, 1.4%, at 33,803 at midday. The Nasdaq lost 326 points, 2.5%, to 13,064, and the S&P 500 dropped 69 points, 1.6%, to 4,083.
Traders reacted to consumer price index data that showed the metric jump 4.2% year-over-year, well ahead of the expected 3.6% rise. The US CPI print has put the cat among the pigeons, as was to be expected, and opinions and market reaction is sharply divided. There is enough for both sides of the debate in this update, a reflection of how sharply prices are increasing both year-on-year and month-on-month, and in the core and non-core versions, IG Chief Market Analyst Chris Beauchamp wrote. .At the ver
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Sentiment took a hit after the US consumer price index rose 4.2% year-over-year in April, up from 2.6% in March and much higher than the forecast of 3.6%
Dow takes a dive in final hours to join Nasdaq in the red
The Dow had been up more than 275 points early Monday afternoon but closed down 35
4:09pm: Alphabet and Facebook fall on Citigroup downgrades
Despite crossing the 35,000 threshold and gaining more than 275 points earlier in the Monday session, the Dow torpedoed as the day waned to end down 35 points, 0.1%, at 34,743. The Nasdaq lost 350 points, 2.6%, to 13,402, and the S&P 500 gave up 44 points, 1%, to 4,188.
Alphabet Inc (NASDAQ:GOOG) shares fell more than 2% to $2,342, and Facebook Inc (NASDAQ:FB) stock slipped more than 4% to $305.97 after Citigroup analysts downgraded both companies to Neutral ratings.