Renewed selling on fears of a recession dragged the Dow Jones Industrial Average lower on Friday and pushed the S&P 500 into correction territory.
The 30-stock Dow fell 366.71 points, or 1.12% to close at 32,417.59.
The S&P 500 slipped 0.48% to finish the session at 4,117.37, closing 10.3% lower from this year’s peak on July 31.
The Dow was pressured by declines in JPMorgan Chase after CEO Jamie Dimon said he planned to sell 1 million shares next year.
The Nasdaq Composite held 0.38% higher to 12,643.01, thanks to shares of Amazon.
Amazon added more than 6% after the e-commerce giant trounced analysts’ expectations for revenue and earnings in the third quarter.
Other megacap tech stocks such as Microsoft followed Amazon shares higher.
CNBC
Renewed selling on fears of a recession dragged the Dow Jones Industrial Average lower on Friday and pushed the S&P 500 into correction territory.
The 30-stock Dow fell 366.71 points, or 1.12% to close at 32,417.59.
The S&P 500 slipped 0.48% to finish the session at 4,117.37, closing 10.3% lower from this year’s peak on July 31.
The Dow was pressured by declines in JPMorgan Chase after CEO Jamie Dimon said he planned to sell 1 million shares next year.
The Nasdaq Composite held 0.38% higher to 12,643.01, thanks to shares of Amazon.
Amazon added more than 6% after the e-commerce giant trounced analysts’ expectations for revenue and earnings in the third quarter.
Other megacap tech stocks such as Microsoft followed Amazon shares higher.
CNBC
Renewed selling on fears of a recession dragged the Dow Jones Industrial Average lower on Friday and pushed the S&P 500 into correction territory.
The 30-stock Dow fell 366.71 points, or 1.12% to close at 32,417.59.
The S&P 500 slipped 0.48% to finish the session at 4,117.37, closing 10.3% lower from this year’s peak on July 31.
The Dow was pressured by declines in JPMorgan Chase after CEO Jamie Dimon said he planned to sell 1 million shares next year.
The Nasdaq Composite held 0.38% higher to 12,643.01, thanks to shares of Amazon.
Amazon added more than 6% after the e-commerce giant trounced analysts’ expectations for revenue and earnings in the third quarter.
Other megacap tech stocks such as Microsoft followed Amazon shares higher.
CNBC
US stock indices fell more than 350 points
Renewed selling on fears of a recession dragged the Dow Jones Industrial Average lower on Friday and pushed the S&P 500 into correction territory.
The 30-stock Dow fell 366.71 points, or 1.12% to close at 32,417.59.
The S&P 500 slipped 0.48% to finish the session at 4,117.37, closing 10.3% lower from this year’s peak on July 31.
The Dow was pressured by declines in JPMorgan Chase after CEO Jamie Dimon said he planned to sell 1 million shares next year.
The Nasdaq Composite held 0.38% higher to 12,643.01, thanks to shares of Amazon.
Amazon added more than 6% after the e-commerce giant trounced analysts’ expectations for revenue and earnings in the third quarter.
Other megacap tech stocks such as Microsoft followed Amazon shares higher.
CNBC
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