Dow plummets 1,000 pts as selloff continues

Mittwoch, 18. Mai 2022 19:42

Negative sentiment on Wall Street continued to push stock prices down on Wednesday, with the Dow Jones Industrial Average index falling over 1,000 points. Walgreens Boots Alliance, Coca-Cola and Walmart led the losses on the index.

The Dow Jones dropped 3.18% or 1,033 points, the Nasdaq 100 was 4.52% down and the S&P 500 declined 3.59% at 1:46 pm ET with Target losing over 26% after announcing a disappointing earnings report.

The euro decreased by 0.66% against the dollar to go for 1.04792 at the same time.

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Author:
Baha Breaking News (BBN) / MS