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Dow Posts Biggest One-Day Point Drop Since October


Thursday, 15 August 2019 03:28 WIB

DOW JONESS & P 500Wall StreetSaham AS


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Wall Street sold off sharply on Wednesday, with the Dow registering its largest one-day point drop since October 2018 as investors were gripped by increased concerns about a recession after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.

Based on the latest available data, the Dow Jones Industrial Average fell 800.49 points, or 3.05%, to 25,479.42, the S&P 500 lost 85.72 points, or 2.93%, to 2,840.6, and the Nasdaq Composite dropped 242.42 points, or 3.02%, to 7,773.94.

Source : Reuters


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