Wall Street sees major drop amid concerns over slowing economy
Wall Street saw a dramatic drop on Friday with the Dow Jones plunging nearly 750 points, and the S&P 500 and Nasdaq falling sharply amid fears of a slowing economy and stubborn inflation. CNBC’s senior economic reporter Steve Liesman joins Saturday TODAY to break down what you need to know.
A slide for Walmart pulls Wall Street from its record, and Dow drops 450 points
NEW YORK — A sharp slide for Walmart on Thursday helped pull Wall Street off of its record. The Standard & Poor’s 500 slipped 0.4% for its first drop after setting all-time highs in each of the last two days. The Dow Jones industrial average lost 1%, and the Nasdaq composite sank 0.5%.
How Walmart sent a chill through Wall Street
Wall Street eased from record highs after Walmart forecasted slower sales, and saw its stock drop. The outlook raised concerns about consumer spending and economic growth, while investors also assessed signals from the Federal Reserve and trade policy uncertainties.
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A sharp slide for Walmart on Thursday helped pull Wall Street off of its record. The S&P 500 slipped 0.4% for its first drop ...
Wall Street is retreating from its record as a slide for Walmart weighs on U.S. stock indexes Thursday. The S&P 500 was down ...
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The selloff came as more than $2.7 trillion worth of options expired, an event which typically spurs heightened volatility.
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