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Dow drops 400 points as Wall Street starts second quarter on a sour note

Posted on AllSides April 2nd, 2024
From The Center
Banking and Finance, Stock Market, Dow Jones
Brendan Mcdermid | Reuters

The Dow Jones Industrial Average fell for a second day, continuing Wall Street’s lackluster start to the quarter, as bond yields increased and traders lowered expectations that the Federal Reserve would cut interest rates in June.

The 30-stock Dow dropped 420 points, or 1.1%. At its session low, the benchmark was down more than 500 points. The S&P 500 slid 0.9%, and the Nasdaq Composite shed 1.2%.

The second quarter for stocks is off to a rough start as sticky inflation data to end last week and some strong economic data Monday sends yields higher and...

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