Major averages are on pace to close out worst day of trading in nearly a month

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Major averages are on pace to close out worst day of trading in nearly a month

seekingalpha04-03

Wall Street’s major market averages are on pace to have their worst single day performances in nearly a month as the Nasdaq Composite (COMP:IND), S&P 500 (SP500), and Dow Jones (DJI) each look like ...

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Dow Jones (DJI) Currently the Dow is lower by 1.1% and the last time the index ended this low on a single day was back on February 13 when the blue-chip average finished -1.3%. At the same time, the downward close that looks to be expected will also erase all gains made by the index since March 20th. Dow focused ETFs: (DIA), (DDM), (UDOW), (DOG), (DXD), and (SDOW). S&P 500 (SP500) The S&P 500 trades lower by 0.9% heading into the close, and the previous time that the benchmark index concluded this low was back on March 5 when it handed back 1%. Furthermore, Tuesdays decline in the S&P 500 also looks to hand back all market gains that have been accrued since March 20th. S&P 500 focused ETFs: (SPY), (VOO), (IVV), (SSO), (UPRO), (SH), (SDS), and (SPXU). Nasdaq Composite (COMP:IND) The tech centric Nasdaq Composite has been the weakest performer of all the major averages on Tuesday as it currently is -1.2% and looks to close at its lowest level recorded since March 5 when the composite rounded out the session at -1.6%. Additionally, the tech focused in index also looks to erase all its gains dating back to March 20 as well. Nasdaq focused ETFs: (QQQ), (QLD), (TQQQ), (QID), and (SQQQ).  More on Markets  Manufacturers' Shipments February 2024: Weak, But Not Weak Enough Market Corrections Matter More Than You Think QQQ: Prepare For Turbulence SPY: Potential, Yes, But Risks Ahead Too S&P 500: Why Stocks May Be Primed For More Gains In 2024","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}