The major US stock indices are closing down over 1% with the Dow industrial average down -1.66%. Shares of IBM tumbled -13.13% (that is a bad luck number). Shares of American Express were down -7.21%, and Visa fell -4.57%.
Other big losers for the day with declines of over 5% include:
-
CrowdStrike Holdings: -9.88%
-
Snowflake: -8.66%
-
American Express: -7.21%
-
Shopify Inc: -7.04%
-
DoorDash: -6.60%
-
Chewy: -6.56%
-
Mastercard: -5.72%
-
Robinhood Markets: -5.68%
-
Strategy: -5.62%
-
Cadence Design: -5.51%
-
Intuit: -5.51%
-
Fortinet: -5.48%
-
PNC Financial: -5.23%
-
Super Micro Computer: -5.21%
-
United Airlines Holdings: -5.17%
-
Macy’s Inc: -5.09%
A look at the numbers for the indices shows:
- Dow industrial average 121.91 points or -1.66% at 48,804.06 points.
- S&P index -71.76 points or -1.04% at 6837.75.
- NASDAQ index -258.80 point or -1.13% at 22627.27
This article was written by Greg Michalowski at investinglive.com.