TELETRADER News
8/2/2023, 10:00 PM (Source: TeleTrader)
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Wall Street sinks at close, Dow slides nearly 350 pts

Major stock exchanges on Wall Street wrapped up Wednesday's trading session with significant losses. The negative sentiment was seemingly driven by the stronger-than-expected jobs report and Fitch's credit rating downgrade.

Investors also digested the latest batch of corporate earnings, with Robinhood, PayPal, Qualcomm and DoorDash to report their financial results after the closing bell.

The Dow Jones Industrial Average plunged 0.98% or 347 points. Intel Corporation was its worst performer, dropping by 3.94%. The Nasdaq 100 tumbled 2.21% as Zscaler fell 7.53%. The S&P 500 dropped 1.38%, with Generac Holdings Inc sinking 24.40%.

The euro lost 0.40% versus the American dollar, selling at 1.09408 at 3:57 pm ET.

Baha Breaking News (BBN) / AB