Dow drops 1000 points in three days

Dow drops 120 points after weak services economy reading

Atocks dropped on Thursday after the release of disappointing economic data added fuel to Wall Street’s fears over the global economy.

The Dow Jones Industrial Average dropped to trade 120 points lower, or 0.9%. The S&P 500 slid 0.3% while the Nasdaq Composite was also down 0.3%. The major averages briefly dropped more than 1% before recovering some of those losses.

Thursday’s losses brought the Dow’s three-day decline to nearly 1,000 points, adding to the Street’s dismal start to the fourth quarter. The Dow was also down more than 3% for the week, on pace for its biggest one-week drop of 2019.

via cnbc Dow drops 120 points after weak services economy reading

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.