The three major U.S. stock indexes tumbled on Wednesday after poor results from retail companies showed that high inflation is hurting the economy.
The Dow was at 31,490 points, down 1,164 points or 3.57%; the benchmark index was at 3,923 points, down 165 points or 4.04%; the Nasdaq Composite was at 11,418 points, down 566 points or 4.73%.
[03:25] The benchmark index and the Nasdaq fell more than 4%
The Dow was at 31,423 points, down 1,201 points or 3.68%; the benchmark index was at 3,918 points, down 170 points or 4.16%; the Nasdaq Composite was at 11,400 points, down 584 points or 4.87%.
[01:45] U.S. stocks plunged again and the Dow hit more than 1,000 points
The Dow was at 31,633 points, down 1,021 points or 3.13%; the benchmark index was at 3,943 points, down 145 points or 3.55%; the Nasdaq Composite was at 11,479, down 505 points or 4.21%.
[00:00] Retail stocks led the decline of the Dow by more than 900 points
The Dow was at 31,746 points, down 908 points or 2.78%; the benchmark index was at 3,955 points, down 133 points or 3.26%; the Nasdaq Composite was at 11,524, down 459 points or 3.84%.
Wal-Mart's poor performance, shares fell 6.49%.
Home Depot fell 5.33% and Target fell 26.6%.
[00:00] The Dow fell more than 800 points
The Dow was at 31,850 points, down 804 points or 2.46%; the benchmark index was at 3,969 points, down 119 points or 2.93%; the Nasdaq Composite was at 11,577 points, down 406 points or 3.39%.
[23:24] The decline of US stocks intensifies
The decline of U.S. stocks further expanded. The Dow fell below 32,000 points, and the latest report was 31,940 points, down 714 points. The S&P recently reported 3,988 points, down 101 points, and the Nasdaq fell 319 points to 11,664 points.
The VIX index, which reflects investor panic, rose 7 percent to 27.93.
U.S. Treasuries were favored by investors. The 10-year Treasury bond yield was 2.92 percent, down 4.6 basis points.
The virtual greedy currency fell across the board. Bitcoin lost $30,000 to $28,886.5, down 3.7%, and ether fell nearly 5%.
[22:39] The Dow's decline expanded
The three major U.S. stock indexes fell further. The Dow last reported 32,118 points, down 536 points, the S&P last reported 4,008 points, down 80 points, and the Nasdaq Composite reported 11,726 points, down 257 points.
In terms of European stock markets, the German DAX index reported 14044 points, down 141 points, the French CAC index fell 57 points to 6372 points, and the British FTSE index reported 7469 points, down 49 points.
[22:09] The Dow fell more than 400 points in the early part
U.S. stocks were weak in the early session, with the three major indexes all down more than 1%, while the VIX index, which reflects investor panic, rose 6.55% to 27.8.
The Dow was last at 32,214 points, down 440 points, the S&P was at 4,023 points, down 64 points, and the Nasdaq was at 11,794 points, down 189 points.
Blue-chip Coca-Cola fell 2.8%, Apple fell 1.8%, Home Depot fell 2.7%, McDonald's fell 3.4%, Walmart fell 4%, Tesla fell 0.8%, and Twitter fell 0.7%.
Instead, bonds were sought after by investors, with the 10-year U.S. Treasury note last at 2.951%, down 1.9 basis points.
