US closes lower after stock sell-off

Tuesday, 17. August 2021 22:00

Equities on Wall Street ended the trading session on Tuesday lower, after concerns that global economic recovery has stagnated prompted a stock sell-off. Federal Reserve Chair Jerome Powell commented that the pandemic changed the economy in "important ways," as he noted on the influence that digital money may have. Meanwhile, Afghanistan continues to dominate headlines, with the White House warning the Taliban it may face the full force of the United States military if it doesn't fulfill its promises.

The Dow Jones closed 0.79% or 279 points lower, as the Home Depot lost 4.27%. The Nasdaq 100 declined 0.91% at the end, with Lululemon Athletica dropping 3.67%. The S&P 500 finished the day 0.70% in the red, led by DXC Technologies falling 11.83%.

The euro declined 0.57% against the dollar trading for $1.17117 at 4:02 pm ET.

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