TELETRADER News
5/2/2022, 7:05 PM
(Source: TeleTrader)
Dow falls over 280 pts after economic data
Major stocks on Wall Street recorded losses into Monday's session with the latest release of economic data on manufacturing activity, ISM report, and construction spending in the United States.
The yield on the US Treasury note increased by 9.6 basis points ahead of an upcoming decision by the Federal Reserve on the interest rates expected to come out on Wednesday.
The Dow Jones dropped by 0.87% or nearly 280 points at 1:05 pm ET, while the Nasdaq 100 and the S&P 500 fell by 0.53% and 0.86% respectively a minute later. The euro traded 0.26%% lower against the dollar, going for $1.05052 at 1:08 pm ET.