US Stock market's worst crisis since Covid 19: Check impact on Nasdaq, S&P 500, Dow Jones
The losses came after China matched President Donald Trump’s big raise in tariffs announced earlier this week. Not even a better-than-expected report on the U.S. job market was enough to stop worries about the escalating trade war possibly causing a recession. The head of the Federal Reserve also warned about how tariffs can push up on inflation.
On Friday, S&P 500 fell 322.44 points to 5,074.08, Dow Jones Industrial Average dropped 2,231.07 points to 38,314.86, and Nasdaq composite sank 962.82 points to 15,587.79. Russell 2000 index of smaller companies fell 83.51 points, or 4.4 per cent, to 1,827.03.
For the week, S&P 500 is down 506.86 points, or 9.1 per cent, Dow is down 3,269.04 points, or 7.9 per cent, Nasdaq is down 1,735.20 points, or 10 per cent, and Russell 2000 is down 196.24 points, or 9.7 per cent.
For the year, S&P 500 is down 807.55 points, or 13.7 per cent, Dow is down 4,229.36 points, or 9.9 per cent, Nasdaq is down 3,723.01 points, or 19.3 per cent, and Russell 2000 is down 403.13 points, or 18.1 per cent.
FAQs
Q1. What are key indexes of US Stock Market?
A1. Nasdaq composite, Dow Jones Industrial Average, and S&P 500 are key indexes of the US Stock Market.Q2. What is Russell 2000?
A2. Russell 2000 is index of smaller companies.
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