[Breaking] New York Stock Market Plummets Amid Retail Slump and Inflation Fears... Nasdaq Down 4.73%
[Asia Economy New York=Special Correspondent Joselgina] Major indices on the U.S. New York Stock Exchange closed lower on the 18th (local time) due to weak performance from major retail companies and fears of inflation.
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On this day, the Dow Jones Industrial Average fell 3.56% compared to the previous session. The S&P 500, which focuses on large-cap stocks, dropped 4.03%, and the tech-heavy Nasdaq index closed down 4.73%.
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