The Dow fell 121 points, or 0.37%. The S&P 500 lost 0.03% and the Nasdaq Composite advanced 0.17%. Healthcare, real estate and utilities were the worst performers in the S&P 500. Meanwhile, energy was the biggest winner in the broader market index, up 4% on the back of rising oil prices.
Wall Street is in a bear market rally and the Dow Jones Industrial Average fell Tuesday following its worst day since June as investors braced for a hawkish message from the Federal Reserve.
Palo Alto Networks surged 9% on the back of strong quarterly results, while Zoom Video shares slumped 13% after the video conferencing company lowered its full-year forecast.
Traders are coming off a downbeat session, as a summer rally fizzled out amid mounting rate hike concerns, and the 10-year Treasury yield climbed above 3%.
The Dow dropped more than 600 points on Monday, while the S&P 500 and Nasdaq Composite fell more than 2% each. Those were the biggest one-day drops for the Dow and S&P 500 since June 16. The Nasdaq suffered its worst session since June 28.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Dow fell 121 points, or 0.37%. The S&P 500 lost 0.03% and the Nasdaq Composite advanced 0.17%. Healthcare, real estate and utilities were the worst performers in the S&P 500. Meanwhile, energy was the biggest winner in the broader market index, up 4% on the back of rising oil prices.Wall Street is in a …<\/p>\n","protected":false},"author":13,"featured_media":56368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6902,6885,9358,6862],"class_list":["post-70707","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-dow-jones","tag-fed","tag-hawkish-stance","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70707"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70707\/revisions"}],"predecessor-version":[{"id":70713,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70707\/revisions\/70713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/56368"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}