The Dow Jones Industrial Avera

2022-08-23

The Dow Jones Industrial Average fell sharply Monday, in its worst day since June, as the summer rally fizzled out and fears of aggressive interest rate hikes returned to Wall Street.

The Dow fell 643.13 points, or 1.91%, to 33,063.61. The S&P 500 dropped 2.14% to 4,137.99, and the Nasdaq Composite tumbled 2.55% to 12,381.57, respectively. It was the worst day of trading since June 16 for the Dow and the S&P 500.

Those losses come on the back of a losing week, which snapped a four-week winning streak for the S&P 500. Still, the broader market index remains about 13% above its June lows.

Investors are anticipating what could be a volatile week of trading ahead of Federal Reserve Chairman Jerome Powell's latest comments on inflation at the central bank's annual Jackson Hole economic symposium.

@Daily_Discussion

💰 Stocks to watch today?(17 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

88wlam88
2022-08-23
88wlam88
Headwind ahead….
Kyesu
2022-08-23
Kyesu
Read and thanks
88wlam88
2022-08-23
88wlam88
Is it time to buy the dip?
Andie8392
2022-08-23
Andie8392
good post .. thanks for sharing
Novem678
2022-08-23
Novem678
Thank you for your update
Aassaa
2022-08-23
Aassaa
Ok

Leave a comment

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Still, the broader market index remains about 13% above its June lows.Investors are anticipating what could be a volatile week of trading ahead of Federal Reserve Chairman Jerome Powell's latest comments on inflation at the central bank's annual Jackson Hole economic symposium.<a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a></body></html>","htmlText":"<html><head></head><body>The Dow Jones Industrial Average fell sharply Monday, in its worst day since June, as the summer rally fizzled out and fears of aggressive interest rate hikes returned to Wall Street.The Dow fell 643.13 points, or 1.91%, to 33,063.61. The S&amp;P 500 dropped 2.14% to 4,137.99, and the Nasdaq Composite tumbled 2.55% to 12,381.57, respectively. It was the worst day of trading since June 16 for the Dow and the S&amp;P 500.Those losses come on the back of a losing week, which snapped a four-week winning streak for the S&amp;P 500. 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