HomeMarket NewsBear grips Wall Street, Dow Jones nosedives over 700 points

Bear grips Wall Street, Dow Jones nosedives over 700 points

Wall Street's main indexes fell on Thursday as technology focused stocks lost strength, while elevated jobless claims and a slowdown in services sector fueled fears of a slow and prolonged economic recovery.

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By Reuters September 3, 2020, 9:16:51 PM IST (Updated)

Bear grips Wall Street, Dow Jones nosedives over 700 points
Wall Street posted sharp declines on Thursday, with the tech-heavy Nasdaq sliding more than 5% as investors dumped high-flying technology-focused stocks, while economic data raised fears about a difficult and long recovery.


At 11:24 a.m. ET, the Dow Jones Industrial Average was down 718.29 points, or 2.47%, at 28,382.21, the S&P 500 was down 116.23 points, or 3.25%, at 3,464.61, and the Nasdaq Composite was down 568.67 points, or 4.72%, at 11,487.77.
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