Traders work at the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on Jan. 18, 2022. U.S. stocks plunged on Tuesday amid heavy selling in the tech and financial sectors.
The Dow Jones Industrial Average dropped 543.34 points, or 1.51 percent, to 35,368.47. The S&P 500 fell 85.74 points, or 1.84 percent, to 4,577.11. The Nasdaq Composite Index decreased 386.86 points, or 2.60 percent, to 14,506.90. (Xinhua/Michael Nagle)
NEW YORK, Jan. 18 (Xinhua) -- U.S. stocks plunged on Tuesday amid heavy selling in the tech and financials sectors.
The Dow Jones Industrial Average dropped 543.34 points, or 1.51 percent, to 35,368.47. The S&P 500 fell 85.74 points, or 1.84 percent, to 4,577.11. The Nasdaq Composite Index decreased 386.86 points, or 2.60 percent, to 14,506.90.
Ten of the 11 primary S&P 500 sectors ended in red, with technology and financials down 2.49 percent and 2.3 percent, respectively, leading the laggards. Energy rose 0.4 percent, the lone gaining group.
Shares of Goldman Sachs Group tumbled nearly 7 percent after the bank reported quarterly earnings on Tuesday that missed market expectations.
Tech stocks got hit amid a momentum in U.S. treasury yields as investors are preparing for Federal Reserve's policy tightening.
U.S.-listed Chinese companies traded mostly lower with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
U.S. financial markets were closed Monday due to the Martin Luther King Jr. holiday.
For the week ending Friday, the Dow dipped 0.88 percent, the S&P 500 fell 0.3 percent and the tech-heavy Nasdaq slid 0.28 percent. ■
A trader works at the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on Jan. 18, 2022. U.S. stocks plunged on Tuesday amid heavy selling in the tech and financial sectors.
The Dow Jones Industrial Average dropped 543.34 points, or 1.51 percent, to 35,368.47. The S&P 500 fell 85.74 points, or 1.84 percent, to 4,577.11. The Nasdaq Composite Index decreased 386.86 points, or 2.60 percent, to 14,506.90. (Xinhua/Michael Nagle)
A Wall Street sign is seen in front of the New York Stock Exchange (NYSE) in New York, the United States, on Jan. 18, 2022. U.S. stocks plunged on Tuesday amid heavy selling in the tech and financial sectors.
The Dow Jones Industrial Average dropped 543.34 points, or 1.51 percent, to 35,368.47. The S&P 500 fell 85.74 points, or 1.84 percent, to 4,577.11. The Nasdaq Composite Index decreased 386.86 points, or 2.60 percent, to 14,506.90. (Xinhua/Michael Nagle)
An electronic screen shows trading information at the New York Stock Exchange (NYSE) in New York, the United States, on Jan. 18, 2022. U.S. stocks plunged on Tuesday amid heavy selling in the tech and financial sectors.
The Dow Jones Industrial Average dropped 543.34 points, or 1.51 percent, to 35,368.47. The S&P 500 fell 85.74 points, or 1.84 percent, to 4,577.11. The Nasdaq Composite Index decreased 386.86 points, or 2.60 percent, to 14,506.90. (Xinhua/Michael Nagle)
Traders work at the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on Jan. 18, 2022. U.S. stocks plunged on Tuesday amid heavy selling in the tech and financial sectors.
The Dow Jones Industrial Average dropped 543.34 points, or 1.51 percent, to 35,368.47. The S&P 500 fell 85.74 points, or 1.84 percent, to 4,577.11. The Nasdaq Composite Index decreased 386.86 points, or 2.60 percent, to 14,506.90. (Xinhua/Michael Nagle)