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इंडियन आवाज़     19 May 2024 10:43:36      انڈین آواز

Stock April 20: Nasdaq And S&P 500 Close Sharply Lower

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The Nasdaq and the S&P 500 closed sharply lower on Friday and Treasury yields dipped as investors juggled lackluster earnings, uncertainties surrounding central bank policy and geopolitical strife.

The Dow was the lone gainer among the three major U.S. equity indexes, while the Nasdaq, weighed down by mega-cap tech and tech-related momentum stocks, slid two per cent.

The session marked six straight daily declines for the S&P 500 and the Nasdaq, the longest losing streak since October 2022.

The S&P 500 and the Dow registered their steepest weekly percentage losses since March 2023, while the Nasdaq saw its largest weekly drop since November 2022.

The Dow Jones Industrial Average rose 0.5 per cent, the S&P 500 lost 0.8 per cent and the Nasdaq Composite was down by 2.0 per cent.

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