US Stock Market Closing Bell: Dow crashes 749 points, S&P 500 slides over 100 pts; Amazon, Amex, Nvidia fall up to 4%
US Stock Market Today (February 21), Dow Jones, S&P 500, Nasdaq: US equity benchmarks Dow Jones Industrial Average (DJIA), S&P 500 and Nasdaq Composite plunged 1.7-2.2 per cent amid a broad-based sell-off on Friday as investors started at a weaker-than-expected business activity reading, already fearing policy uncertainty after US President Donald Trump announced a number of tariff moves this week. Heavyweights like Amazon, Nvidia, Amex, Wallmart and Goldman Sachs closed 2.6-7.2 per cent lower, pulling key indices lower, while scrips such as Coca Cola, Merck, P&G, PepsiCo, Kraft Heinz and MercadoLibre—rising between 1.8 per cent and 7.1 per cent—lent some support.
Walmart shares fell another 2.5 per cent to settle at $94.8 apiece, after the previous day’s 6.5 per cent plunge that followed a weaker-than-expected guidance from the world’s largest retailer.
US Stock Market on Friday, February 21 | Here is how Dow Jones, S&P 500 & Nasdaq fared at the closing bell
- DJIA: down 748.6 points, or 1.7 per cent, at 43,428
- S&P 500: down 104.4 points, or 1.7 per cent, at 6,013.1
- Nasdaq Composite: 438.4 points, or 2.2 per cent, at 19,524
What hurt the US share market & what helped?
Barring the consumer staples space, all major sectors faced selling pressure, with consumer discretionary, technology, industrial and energy shares being the worst hit.
Top Dow Gainers vs Losers
As many as 22 Dow stocks closed in negative territory.
NVIDIA shares ended 4.1 per vent lower at $134.4 apiece while the Amazon Inc stock fell 2.8 per cent to $216.6 apiece.
On the flipside, the fewer gainers in the pack included Coca-Cola, rising 1.9 per cent for the day to $71.4 apiece.
Stock |
CMP ($) |
Change (%) |
Unitedhealth Group Inc |
466.4 |
-7.2 |
NVIDIA Corp |
134.4 |
-4.1 |
Amazon.com Inc |
216.6 |
-2.8 |
American Express Co |
295.4 |
-2.8 |
3M Co |
145.0 |
-2.8 |
Johnson & Johnson |
162.3 |
1.6 |
Amgen Inc |
303.0 |
1.7 |
Procter & Gamble Co |
170.2 |
1.8 |
Coca-Cola Co |
71.4 |
1.9 |
Merck & Co Inc |
89.5 |
2.1 |
Now, let’s take a look at the US technology-heavy Nasdaq pack.
Top Nasdaq Gainers vs Losers
Here’s how some of the prominent names fared in the basket:
Stock |
CMP ($) |
Change (%) |
Grail Inc |
40.7 |
-14.7 |
Old Dominion Freight Line Inc |
180.4 |
-8.5 |
Constellation Energy Corp |
284.4 |
-8.1 |
Applovin Corp |
415.3 |
-7.7 |
Microstrategy Inc |
299.7 |
-7.5 |
CrowdStrike Holdings Inc |
406.7 |
-6.8 |
Airbnb Inc |
146.1 |
-6.0 |
MongoDB Inc |
273.3 |
-5.8 |
Intel Corp |
24.9 |
-4.7 |
Tesla Inc |
337.8 |
-4.7 |
NVIDIA Corp |
134.4 |
-4.1 |
Alphabet Class C |
181.6 |
-2.7 |
Alphabet Class A |
179.7 |
-2.7 |
Netflix Inc |
1003.2 |
-2.1 |
Microsoft Corp |
408.2 |
-1.9 |
Meta Platforms Inc |
683.6 |
-1.6 |
Cisco Systems Inc |
64.0 |
-1.1 |
Apple Inc |
245.6 |
-0.1 |
Biogen Inc |
140.6 |
2.6 |
Keurig Dr Pepper Inc |
34.0 |
2.7 |
PepsiCo Inc. |
153.5 |
3.0 |
Kraft Heinz Co |
31.1 |
3.2 |
Monster Beverage Corp |
53.0 |
3.5 |
Mondelez International Inc |
64.7 |
4.0 |
PDD Holdings Inc |
131.3 |
5.6 |
MercadoLibre Inc |
2260.0 |
7.1 |
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With inputs from agencies