Wall Street down after Nasdaq sets intraday record

Wednesday, 24. April 2019 22:00

Equities in the United States closed the Wednesday's trading session lower after the Nasdaq 100 set a new intraday record. Media reported Amazon was testing new software to help in the removal of patent-infringing products. Another article claimed the US Justice Department prosecutors wanted Goldman Sachs' 1MDB scandal settlement to contain a guilty plea.

Investors were on the lookout for earnings from Tesla, Facebook, Microsoft, Visa, and PayPal, that were set to be released shortly after the market close.

The Dow Jones Industrial Average and the S&P 500 both fell 0.22% at the closing bell. Chevron and Caterpillar were the worst performers on the Dow, falling 3.07% and 3.03% respectively, while Rollins' 10.06% dive pulled down the S&P 500. The Nasdaq 100 slipped 0.34% following its intraday high, weighted down by broadcasting company SiriusXM's 7.32% tumble.

The euro weakened 0.63% to $1.11569 at 3:59 pm CET, while the pound dropped 0.25% to $1.29047 concurrently.

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Author:
Breaking the News / MD