Economy

Dow loses more than 200 points, Nasdaq also ends negative

Apple, IBM each fall 2.4%

Övünç Kutlu   | 19.05.2022
Dow loses more than 200 points, Nasdaq also ends negative

ANKARA 

The Dow lost more than 200 points to extend its losing streak Thursday as the Nasdaq also turned negative before the final bell despite a strong opening.

The blue-chip was down 236 points, or 0.75%, to end at 31,253. The S&P 500 lost 23 points, or 0.58%, to finish at 3,900.

The tech-heavy Nasdaq gave up gains near the closing bell and fell almost 30 points, or 0.26%, to close at 11,388.

Apple and IBM saw their stock decline 2.4% each.

Although the negative sentiment of investors continue, the VIX volatility index known as the fear index was down 5.2% to 29.35.

While the dollar index fell 0.93% to 102.84, the 10-year US Treasury yield lost 1.06% to 2.853%.

Precious metals were on the rise, as gold added 1.4% to $1,841 and silver jumped 2.5% to $21.94.

Crude prices were up with global oil benchmark Brent crude trading at $111.22 for a 1.9% gain, while US benchmark West Texas Intermediate (WTI) was at $108.94 -- a 1.8% increase.




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