How major US stock indexes fared Friday, 9/6/2024
Another rout hit Wall Street, leaving the market with its worst week in 18 months, after a jobs report billed as the most important of the year came in weak enough to keep worries high about the economy
Another rout hit Wall Street, leaving the market with its worst week in 18 months, after a jobs report billed as the most important of the year came in weak enough to keep worries high about the economy.
The S&P 500 fell 1.7% Friday. Broadcom, Nvidia and other tech companies led the market lower as worries continue that prices soared too high in the boom around artificial intelligence. That dragged the Nasdaq composite down 2.6%. The Dow Jones Industrial Average dropped 1%.
Treasury yields tumbled, recovered and then fell again after the jobs report showed employers hired fewer workers in August than expected.
On Friday:
The S&P 500 fell 94.99 points, or 1.7%, to 5,408.42.
The Dow Jones Industrial Average fell 410.34 points, or 1%, to 40,345.41.
The Nasdaq composite fell 436.83 points, or 2.6%, to 16,690.83.
The Russell 2000 index of smaller companies fell 40.65 points, or 1.9%, to 2,091.41.
For the week:
The S&P 500 is down 239.98 points, or 4.2%.
The Dow is down 1,217.67 points, or 2.9%.
The Nasdaq is down 1,022.79 points, or 5.8%.
The Russell 2000 is down 126.23 points, or 5.7%.
For the year:
The S&P 500 is up 638.59 points, or 13.4%.
The Dow is up 2,655.87 points, or 7%.
The Nasdaq is up 1,679.48 points, or 11.2%.
The Russell 2000 is up 64.33 points, or 3.2%.
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