U.S. shares completed sharply decrease on Wednesday, as traders assessed financial information on the housing market amid considerations over rising rates of interest and financial progress in 2023.
How inventory indexes traded
The Dow Jones Industrial Average
DJIA,
-1.10%
fell 365.85 factors, or 1.1%, to complete at 32,875.71.
The S&P 500
SPX,
-1.20%
shed 46.03 factors, or 1.2%, to finish at 3,783.22.
Nasdaq Composite
COMP,
-2.86%
dropped 139.94 factors, or 1.4%, ending at 10,213.29.
On Tuesday, the Dow rose 38 factors, or 0.11%, to 33,242, the S&P 500 declined 16 factors, or 0.4%, to three,829, and the Nasdaq dropped 145 factors, or 1.38%, to 10,353.
What drove markets
All 11 S&P 500 sectors completed decrease on Wednesday with power shares
SP500EW.10,
-2.96%
falling by 2.2%, as worries over rising gasoline demand in China weighed on oil…
2022-12-28 16:26:00 Dow ends over 350 factors decrease as traders weigh housing information, 2023 recession considerations
Link from www.marketwatch.com