Wall Street gives up early gains to finish sharply lower

United States News News

Wall Street gives up early gains to finish sharply lower
United States Latest News,United States Headlines
  • 📰 theSundaily
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Microsoft fell 1.9% as it said it was laying off 10,000 employees in response to macroeconomic conditions. theSun theSundaily MicrosoftLayOff Microsof unemployment business

: Wall Street stocks finished sharply lower on Wednesday , shedding early gains and pulling back after a heady start to the 2023 trading season.

The Dow Jones Industrial Average fell 613.89 points, or 1.81%, to 33,296.96 and the S&P 500 lost 62.11 points, or 1.56%, to 3,928.86. The Nasdaq Composite dropped 138.10 points, or 1.24%, to 10,957.01. “The market was overbought. Today’s economic data served as a trigger to initiate a profit taking spell and the groups with most profits to take have been the ones that have done best last year,” he said.Five of the Fed’s 12 districts saw “slight or modest” gains in activity while six reported either no changes or slight declines, said the report, which surveys firms and other contacts. One district saw a significant decline.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

theSundaily /  🏆 25. in MY

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US drugs trial for ex-Mexico security chief opensUS drugs trial for ex-Mexico security chief opensGenaro Garcia Luna is accused of taking huge bribes to allow the notorious Sinaloa cartel to smuggle cocaine when he was public security minister theSun theSundaily Sinaloa SinaloaCartel cocaine drugs GenaroGarciaLuna ElChapoGuzman
Read more »

Hidupkan pekan Lama Cina Padang Besar seperti ‘China Town’ Petaling StreetHidupkan pekan Lama Cina Padang Besar seperti ‘China Town’ Petaling StreetPekan Lama Cina di Padang Besar sesuai dibangunkan seolah-olah seperti ‘China Town’ Petaling Street
Read more »



Render Time: 2025-04-06 08:30:19