Bloodbath on Wall Street: Dow Jones, S&P 500 and NASDAQ All Post Sharp Losses
Bloodbath on Wall Street: Do...
Subscribe to Newsletter

Bloodbath on Wall Street: Dow Jones, S&P 500 and NASDAQ All Post Sharp Losses

11 March 2023
3611
1 min.
10
Bloodbath on Wall Street: Dow Jones, S&P 500 and NASDAQ All Post Sharp Losses

After the close of trading

On Friday, the US stock market experienced a fall, with negative dynamics from the financial, industrial, and commodity sectors.

The Dow Jones dropped by 1.07% to reach a three-month low, while the S&P 500 and NASDAQ Composite also saw losses of 1.45% and 1.76%, respectively, at the close of trading on the New York Stock Exchange.

Among the top gainers in the Dow Jones index were shares of Intel Corporation (NASDAQ: INTC), which gained 2.95% to close at 27.22. Meanwhile, JPMorgan Chase and Co (NYSE: JPM) and The Travelers Companies Inc (NYSE: TRV) also saw gains. However, Caterpillar Inc (NYSE: CAT) shares were the fallers, down 5.79% to end the session at 227.01.

In the S&P 500 index, Intel Corporation (NASDAQ: INTC) and JPMorgan Chase and Co (NYSE: JPM) were also among the top gainers. AbbVie Inc (NYSE: ABBV) also saw gains of 1.61% to close at 149.72. However, Signature Bank (NASDAQ: SBNY), First Republic Bank (NYSE: FRC), and Charles Schwab Corp (NYSE: SCHW) experienced losses.

On the NYSE, more securities declined than closed on the plus side, while on NASDAQ, more stocks declined than gained. The CBOE Volatility Index, which is derived from options trading on the S&P 500, rose by 9.69% to reach 24.80, hitting a new monthly high.

Gold futures for April delivery added 2.08%, or 38.15, to reach $1.00 per troy ounce, while WTI crude futures for April delivery rose 1.03%, or 0.78, to $76.50 a barrel. Brent crude futures for May delivery rose 1.21%, or 0.99, to $82.58 per barrel.

On the forex market, EUR/USD rose by 0.57% to 1.06, while USD/JPY fell by 0.91% to 134.90. The USD index futures fell by 0.67% to 104.60.

Companies10 in the news

Signature Bank
1 place
Nasdaq
4 place
Dow Jones
5 place
AbbVie
7 place
Charles Schwab
8 place
Intel
9 place
JP Morgan Chase
10 place
Section:
Source foto:
flickr.com

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8177655883
Died this year
58784521
Born this year
144620326