[Breaking] New York Stock Market Closes Lower Due to Hawkish Fed... Nasdaq Down 3.36%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed lower on the 2nd (local time) as expectations for a slowdown in the Federal Reserve's Federal Open Market Committee (FOMC) rate hikes diminished.
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On this day in the New York stock market, the Dow Jones Industrial Average fell 1.55% compared to the previous session. The S&P 500 index, centered on large-cap stocks, dropped 2.51%. The tech-sensitive Nasdaq index plunged 3.36%.
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