Wall Street ended lower on Tuesday after data showed producer prices increased more than expected in November, solidifying expectations the Federal Reserve this week will announce a faster wind-down of asset purchases. The fast-spreading Omicron coronavirus variant also dampened investor sentiment after the S&P 500 index hit an all-time closing high late last week. Declines were led by mega-cap tech-related stocks, with Salesforce.com, Microsoft Corp., Adobe, and Alphabet Inc. pulling down the S&P 500 and Nasdaq. Apple Inc. ended down 0.8 percent, but off its session lows, after the iPhone maker said it would require customers and employees to wear masks at its U.S. retail stores as COVID-19 cases surge. The Dow Jones Industrial Average fell 0.3 percent to end at 35,544.18 points, while the S&P 500 lost 0.75 percent to 4,634.09. The Nasdaq Composite dropped 1.14 percent to 15,237.64. Data from the Labor Department showed the producer price index …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta