Hot jobs data fueled worries the Fed may need to keep interest rates high to tamp down the resilient job market, while the CBOE volatility index, Wall Street’s “fear gauge,” hit i…
Arm smashes expectations in eye-popping Nasdaq stock debutThe Dow careened to its worst day since March – and into the red for 2023 — as an unexpected surge in job openings and the historic dysfunction in Washington rattled investors.
The rising yields are also giving investors another way to earn returns, which has been denting the appetite for risky assets like stocks. The Dow plummeted 430.97 points, or 1.3%, to 33,002.38, while the Nasdaq dropped 248.31 points, or 1.9%, to 13,059.47 – the lowest level for both since May 31.The Dow, which was above 35,600 last month, is now down 0.4% for the year.
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