The US Senate failed to pass the Federal Debt Cap Act on September 27, and the market worried about the suspension of the federal government, coupled with the surge in debt yields and the Federal Reserve’s announcement of the upcoming debt reduction, which dragged down the performance of US stocks. The three major indexes expanded and the Dow once fell more than 600. Point, the Nasdaq also plummeted by more than 2.8%.
[03:00] The Dow Jones Index reported 34,454 points, down 415 points or 1.19%; S&P 500 Index reported 4,375 points, down 67 points or 1.53%; Nasdaq Index reported 14,640 points, down 329 points or 2.2%.
Apple fell 1.82%, Amazon fell 2.42%, Facebook fell 3.19%, TESLA fell 1.3%, Microsoft fell 2.8%, Boeing fell 1.9%, and JPMorgan Chase rose 0.04%.
[02:30] The Dow Jones Index reported 34,375 points, down 493 points or 1.41%; S&P 500 Index reported 4,363 points, down 79 points or 1.78%; Nasdaq Index reported 14,602 points, down 367 points or 2.45%.
[02:00] The Dow Jones Index reported 34,313 points, down 555 points or 1.59%; S&P 500 Index reported 4,355 points, down 87 points or 1.98%; Nasdaq Index reported 14,573 points, down 396 points or 2.65%.
Apple fell 2.35%, Amazon fell 3.04%, Facebook fell 3.63%, TESLA fell 2.37%, Microsoft fell 3.06%, and Boeing fell 2.75%.
The three major U.S. stock indexes weakened, the Dow once fell by more than 500 points. U.S. debt yields were as high as 1.54%. The U.S. Senate failed to pass the federal debt ceiling bill. The government faces the risk of a shutdown in October. Day hits debt ceiling