How Major US Stock Indexes Fared March 13

Wall Street’s sell-off hit a new low following President Donald Trump’s latest escalation in his trade war.
The S&P 500 fell 1.4 percent Thursday to finish more than 10 percent below its record, which was set just last month. Professional investors call such a decline a ‘correction,’ and it’s the first for the index since 2023. The Dow Jones Industrial Average fell 1.3 percent, and the Nasdaq composite lost 2 percent.
Even a pair of encouraging reports showing better-than-expected readings on inflation and joblessness couldn’t offset worries about escalating tariffs around the world. Treasury yields sank in the bond market as pessimism built about the economy….



Source link