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Wall Street closes sharply lower on new variant fear | Financial Markets News

Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. Investors were uncertain whether the variant could potentially reverse months of progress at getting the COVID-19 pandemic under control.

The S&P 500 index dropped 106.84 points, or 2.3 percent, to close at 4,594.62. It was the worst day for Wall Street’s benchmark index since February.

The index was dragged lower by everything from banks, travel companies and energy companies as investors tried to reposition to protect themselves financially

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Stock Market Today: S&P 500 and Nasdaq Hit Record Closes Again

Stocks mostly edged higher Thursday as investors appeared sanguine about the Federal Reserve’s decision to begin reducing the size of its pandemic-era asset purchasing program. 

The


S&P 500

added 0.4% and the


Nasdaq Composite

gained 0.8% on Thursday, notching fresh record closes. Both indexes also closed Wednesday at records. The Dow Jones Industrial Average slipped 33 points, or 0.1%. The index had climbed 104 points Wednesday to close at an all-time high of 36,157, but couldn’t gather enough steam to beat that level on Thursday.

The S&P 500, Nasdaq, and the Dow are up 1.2%, 1.8%, and 0.6%, respectively since

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Wall Street closes higher as earnings reports soothe investor fears

Oct 20 (Reuters) – The S&P 500 and the Dow closed higher on Wednesday as investors eyed better than expected third-quarter earnings from U.S. companies.

While the Nasdaq lagged as technology stocks took a breather, the Dow Jones Industrials Average (.DJI) surpassed its previous record reached in mid-August while the benchmark S&P 500 index (.SPX) came within five points of its early September record during the session.

The S&P’s healthcare index rallied for a second day in a row with help from Anthem and Abbott (ABT.N), which gained on impressive financial forecasts.

The S&P had fallen almost 6% below its

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Wall Street closes lower as Fed officials project rate hikes for 2023

  • Indexes down: Dow 0.61%, S&P 500 0.40%, Nasdaq 0.27%

June 16 (Reuters) – The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.

New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.

The Fed cited an improved economic outlook, with overall economic growth expected to

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