Xinhua
25 Jan 2022, 05:18 GMT+10
The Dow Jones Industrial Average index dropped 3.25 percent or 1,115.04 points, the S&P 500 shed 3.99 percent or 175.32 points, and the Nasdaq dived 4.9 percent or 674.27 points at the height of the rout, respectively.
NEW YORK, Jan. 24 (Xinhua) -- The tech-heavy Nasdaq Index lost as much as 4.9 percent around noon on Monday at the height of sell-off in U.S. stock markets.
Deep losses in European stock markets and worse-than-expected economic indicators worsened market sentiment.
The Federal Reserve is scheduled to hold its monetary policy meeting from Tuesday to Wednesday with wide expectation of hawkish signals.
Both Chicago Fed National Activity Index for December 2021 and IHS Markit Flash U.S. Composite PMI for January 2022 saw material deterioration from the previous month.
In particular, U.S. preliminary composite output index fell to 50.8 in January, the lowest level since July 2020, as the Omicron wave exacerbates supply delays and labor shortages.
The Dow Jones Industrial Average index dropped 3.25 percent or 1,115.04 points, the S&P 500 shed 3.99 percent or 175.32 points, and the Nasdaq dived 4.9 percent or 674.27 points at the height of the rout, respectively.
All of the 11 sectors under the S&P 500 Index posted material losses with the technology sector down over 5 percent for some time.
Get a daily dose of Kansas City Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.
More InformationWASHINGTON D.C.: U.S. senators Elizabeth Warren and Mike Rounds have introduced a bipartisan resolution requesting the Federal Trade Commission (FTC) ...
MOSCOW, Russia: According to preliminary data released by the finance ministry this week, almost three months after Moscow's invasion of ...
KUALA LUMPUR, Malaysia: After China's decision to not host the 2023 Asian Cup, a choice for a new host will ...
GENEVA, Switzerland: The World Health Organization (WHO) has received a proposal by 13 member states requesting that Taiwan be allowed ...
BRUSSELS, Belgium: European Union foreign policy chief Josep Borrell has said that the bloc would ensure Ukraine that it has ...
Former U.S. President George W. Bush has made an embarrassing mistake in criticizing Russian President Vladimir Putin over his decision ...
STUTTGART, Germany: Beginning in 2025, Mercedes-Benz will incorporate a new, highly energy-dense battery in its G-Class electric vehicles, potentially solving ...
LONDON, England: UK prices are rising at their fastest rate in 40 years, as higher energy bills are changing spending ...
MINNEAPOLIS, Minnesota: Amidst the rising costs of essentials, such as fuel and food, and the rapid return by consumers to ...
WASHINGTON D.C.: After its U.S. asset management unit pleaded guilty to criminal securities fraud after the collapse of a group ...
SACRAMENTO, California: In another blow to the state's push to diversify corporate leadership, a California court judge has ruled that ...
KATHMANDU, Nepal - According to the World Organization for Animal Health (OIE), Nepal has reported its first cases of African ...