Dow tumbles 300 points to close out losing April as Fed decision looms: Live updates
Publishing timestamp: 2024-04-30 13:44:19
Summary
Stocks tumbled on Tuesday as higher-than-expected wage data raised inflation concerns ahead of the Federal Reserve's rate decision. S&P 500, Dow Jones, and Nasdaq all fell, with Treasury yields jumping. Despite setbacks, S&P 500 is still up from its low last October. Companies like Eli Lilly, 3M, and Coca-Cola reported earnings, while McDonald's missed estimates. International markets were mixed, with China's factory activity climbing and South Korea's industrial production falling. Japanese authorities intervened in the yen's volatility. Stock futures opened little changed on Monday night.
Sentiment: MIXED
Tickers: .IXIC, VRSN, CHGG, .SPX, GEHC, WBD, NVDA, LLY, MCD, TSLA, @ND.1, DPZ, AMZN, BMY, .DJI, PARA, AAPL, DOV, @DJ.1, TSCO, @SP.1, NXPI, GE, MMM, @HG.1, CARR, KO,
Keywords: dow jones industrial average, apple inc, nasdaq 100 fut (mar'23), nvidia corp, dow jones fut (mar'23), tom fitzpatrick, united states, nasdaq composite, amazon.com inc, mcdonald's corp, economic events, stock markets, breaking news: markets, jerome powell, s&p 500 index, markets, business news, labor economy, coca-cola co, prices, s&p 500 fut (mar'23),
Source: https://www.cnbc.com/2024/04/29/stock-market-today-live-updates.html