The Dow Jones Industrial Average fell 0.94% to end at 34,002.92 points, while the S&P 500 lost 1.30% to 4,300.46
Stocks have been extremely choppy in September, as investors grappled with an abundance of issues
World markets tumbled Friday on the tail of Wall Street's worst monthly loss since the beginning of the pandemic. Shares dropped in Paris, London, Frankfurt and Tokyo. Shanghai and Hong Kong were closed for a holiday. The S&P 500 ended September down 4.8%, its first monthly drop since January and the biggest since March 2020. After climbing steadily for much of the year, markets have become unsettled with the spread of the more contagious delta variant of COVID-19, surging long-term bond yields and word that the Federal Reserve may start to unwind its support for the economy. Rising inflation also has caused investors to reconsider recent high prices for shares, leading many to sell tech stocks that have soared during the pandemic. Germany's DAX lost 0.8% to 15,134.21 and the CAC 40 in Paris slipped 0.8% to 6,465.81. London's FTSE 100 declined 1% to 7,013.74. US futures also retreated, with the contract for the Dow industrials shedding 0.7%. The future contract for the S&P 500
Only later should you venture into narrower, more focused strategies, provided your risk appetite permits
The S&P 500 has gone 34 days without rising 1% in any of them
WASHINGTON/MILAN (Reuters) -U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.
Boeing drops after Ryanair ends jet order talks; Tinder parent Match Group jumps on joining S&P 500
Dismal jobs report calms taper fears; banking stocks slide, shrug off jump in bond yields
Weekly jobless claims fall; Netflix hits record high
Energy shares track weaker oil prices lower; S&P 500 tracks longest monthly winning streak since 2018
Bulls can thank stagecraft of Jerome Powell, Federal Reserve chairman, who on Friday gave the strongest signal yet that the central bank will begin tapering its monthly bond purchases this year
All the 11 major S&P sectors were up, with energy, materials and communication services jumping 1% each.
Stocks are off to a mixed start on Wall Street as big tech companies gain while health care and other sectors fall. The S&P 500 was little changed in the early going Wednesday, a day after setting its 50th record high for the year. The gains for tech helped push the Nasdaq composite up 0.2per cent. The Dow Jones Industrial Average was slightly lower. TurboTax maker Intuit rose 2.6per cent after posting strong results for its most recent quarter. Overseas markets were mixed. The yield on the 10-year Treasury note rose slightly to 1.30per cent and crude oil prices edged higher.
S&P 500 and Nasdaq 100 futures were narrowly mixed after the S&P stock index posted its 50th record high close of the year on Tuesday, buoyed by positive news on Covid-19 vaccines
Energy, travel shares rise on improving demand hopes; Best Buy gains on raising full-year sales forecast
Sky-high valuations and the S&P 500's 100% rally from the pandemic low add to the difficulties facing strategists.
Economy-linked cyclical stocks weigh on markets; Tencent Music falls after Soros Fund dissolves stake
Even strategists lifting year-end targets warn of bumpy ride
It has posted six straight months of gains in 2021
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