Published on 24 May 2024 on Zacks via Yahoo Finance
Stock Market News for May 24, 2024
U.S. stock markets closed sharply lower on Thursday owing to profit booking. Strong economic data also dented market participants’ confidence on Fed’s decision to cut interest rate anytime soon. All three major stock indexes ended in negative territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) plummeted 1.5% or 605.78 points to close at 39.065.26. This was the blue-chip index’s worst daily performance so far this year. All 30 components of the index ended in negative zone.