Xinhua
25 Jan 2022, 05:18 GMT+10
The Dow Jones Industrial Average index dropped 3.25 percent or 1,115.04 points, the S&P 500 shed 3.99 percent or 175.32 points, and the Nasdaq dived 4.9 percent or 674.27 points at the height of the rout, respectively.
NEW YORK, Jan. 24 (Xinhua) -- The tech-heavy Nasdaq Index lost as much as 4.9 percent around noon on Monday at the height of sell-off in U.S. stock markets.
Deep losses in European stock markets and worse-than-expected economic indicators worsened market sentiment.
The Federal Reserve is scheduled to hold its monetary policy meeting from Tuesday to Wednesday with wide expectation of hawkish signals.
Both Chicago Fed National Activity Index for December 2021 and IHS Markit Flash U.S. Composite PMI for January 2022 saw material deterioration from the previous month.
In particular, U.S. preliminary composite output index fell to 50.8 in January, the lowest level since July 2020, as the Omicron wave exacerbates supply delays and labor shortages.
The Dow Jones Industrial Average index dropped 3.25 percent or 1,115.04 points, the S&P 500 shed 3.99 percent or 175.32 points, and the Nasdaq dived 4.9 percent or 674.27 points at the height of the rout, respectively.
All of the 11 sectors under the S&P 500 Index posted material losses with the technology sector down over 5 percent for some time.
Get a daily dose of Madagascar Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Madagascar Sun.
More InformationScott McCarron and Canada's Stephen Ames each shot a 5-under-par 66 Friday to share the lead after two rounds of ...
The New York Red Bulls will host D.C. United Saturday night in the 98th MLS meeting between the two clubs, ...
The New York Yankees transferred third baseman Josh Donaldson from the COVID-19 injured list to the 10-day injured list due ...
Zambia's plan to abolish the death penalty adds to the growing global chorus against the practice, the UN Human Rights ...
Nairobi, Kenya - At least a dozen journalists have been detained in a wave of arrests in Ethiopia, media workers ...
New Delhi [India], May 28 (ANI): The main focus of Vice President Venkaiah Naidu's visit to Senegal and Gabon is ...
ATHENS, Greece: After a sharp increase in attempted entries by migrants through its Aegean islands and land border with Turkey ...
HONG KONG: In his first public remarks since he was arrested under Hong Kong's National Security Law earlier this month, ...
MOSCOW, Russia: Following the closure of a number of Russian state news outlets in the West, this week the Russian ...
LONDON, England: A joint declaration to boost defense and security collaboration was signed between Britain and Lithuania this week. London ...
TOKYO, Japan: U.S. President Joe Biden said this week that he supports calls for Japan to become a permanent member ...
LONDON, England: The UK's Telegraph newspaper has reported that Foreign Secretary Liz Truss has proposed that Britain send modern weaponry ...