U.S. stocks dropped in choppy

2022-09-16

U.S. stocks dropped in choppy trading on Thursday as investors mulled over several economic reports that showed a muddy picture of the U.S. economy.

The Nasdaq Composite shed 1.43% to close at 11,552.36, while the S&P 500 fell 1.13% to 3,901.35. The Dow Jones Industrial Average outperformed but still dropped 173.27 points, or 0.56%, to 30,961.82 for its lowest close since July 14.

Shares of Adobe weighed on the Nasdaq and S&P 500. The software stock lost more than 16% after the company announced a $20 billion deal to buy Figma. The weakness spread to other tech stocks, with Apple falling 1.9% and Salesforce sliding 3.4%.

Bank stocks were a bright spot, with Goldman Sachs and JPMorgan rising more than 1% apiece. UnitedHealth Group rose 2.6%.

@Daily_Discussion

💰 Stocks to watch today?(24 May)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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Comments

伙计办大事
2022-09-16
伙计办大事
[微笑] [开心] [财迷]
lyKeoh
2022-09-16
lyKeoh
no eye to seee...
xshinado
2022-09-16
xshinado
O
Newcomer007
2022-09-16
Newcomer007
like
JYeo
2022-09-16
JYeo
like
afterstar
2022-09-16
afterstar
Seem

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