U.S. stocks closed out their ugly April with even more losses, cementing the market’s worst month since September.
The S&P 500 fell 1.6% Tuesday to pull it further from its record set at the end of March. The Dow Jones Industrial Average dropped 1.5%, and the Nasdaq composite sank 2%.
Treasury yields rose again to up the pressure on stocks after a report showed workers won bigger gains in pay and benefits during the start of the year than expected. Such hotter-than-expected data has diminished traders’ expectations for how many times the Federal Reserve may cut interest rates this year.
On Tuesday:
The S&P 500 fell 80.48 points, or 1.6%, to 5,035.69.
The Dow Jones Industrial Average fell 570.17 points, or 1.5%, to 37,815.92.
The Nasdaq composite fell 325.26 points, or 2%, to 15,657.82.
The Russell 2000 index of smaller companies fell 42.12 points, or 2.1%, to 1,973.91.
For the week:
The S&P 500 is down 64.27 points, or 4.2%.
The Dow is down 423.74 points, or 5%.
The Nasdaq is down 270.08 points, or 4.4%.
The Russell 2000 is down 28.09 points, or 7.1%.
For the year:
The S&P 500 is up 265.86 points, or 5.6%.
The Dow is up 126.38 points, or 0.3%.
The Nasdaq is up 646.47 points, or 4.3%.
The Russell 2000 is down 53.17 points, or 2.6%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
