Major indices fall over 1% today
The major indices are ending lower on the day (and over 1% in each index), but it could have been worse. At the session lows, the major indices showed the following declines:
- Nasdaq, -163.59 points
- S&P, -55.1 points
- Dow, -478.42 points
Each of the indices are still closing down, but they are also off the lows as the market reacted to the Chair Powell’s “mid-market cycle” comment in his press conference (that was walked back a bit later when admitted there may be other cuts).
Below are the final numbers for the major indices.
- The Nasdaq -98.196 points or -1.19% at 8175.41. The high reached 8299.82. The low extended to 8110.02
- The S&P fell -32.87 points or -1.09% at 2980.32. The high reached 3017.40. The low reached 2958.08
- The Dow fell -333.48 points or -1.23% at 26864.23. The high reached 27281.65. The low reached 26718.60