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IPFS News Link • Stock Market

Dow Braces for 4th Straight Beating as ECB Pinch-Hits for Trump

• https://www.ccn.com by Josiah Wilmoth

Dow Plunges Nearly 200 Points

As of 9:46 am ET, the Dow Jones Industrial Average had cratered by 194.27 points or 0.76 percent. The S&P 500 and Nasdaq declined 0.68 percent and 0.81 percent, respectively, as the bears smacked the US stock market lower.

Dow futures recovered from early losses to mount a minor advance, only to slip back into the red. | Source: Yahoo Finance

On Wednesday, the Dow slid by 133.17 points or 0.52 percent, ending in the red for the third consecutive day. The index needs a major rally to reclaim the 26,000 level from its previous-day close at 25,673.46.

The S&P 500 lost 18.20 points or 0.65 percent and now sits at 2,771.45 – less than a week after closing above 2,800 for the first time since November 2018.

The Nasdaq, meanwhile, plunged by 70.44 points or 0.93 percent to 7,505.92. The Nasdaq has not closed below 7,500 since Feb. 21.


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