Published on 5 Apr 2024 on Zacks via Yahoo Finance
Stock Market News for Apr 5, 2024
U.S. stock markets fell sharply on Thursday after a choppy session. Wall Street mayhem continued as market participants remained highly concerned about the time of the first reduction of the benchmark interest rate by the Fed. Moreover, recent spike in crude oil prices also added to inflation woes. All three major stock indexes ended in negative territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) plummeted 1.4% to close at 38,596.98 after a choppy session. Notably, 25 components of the 30-stock index ended in negative territory and 5 ended in positive zone. The blue-chip index was up nearly 300 points at its intraday high. The index posted negative closing in the first four trading day of second-quarter 2024 and worst single-day performance since March 2023.