Investor Alert

Market Pulse Archives

Sept. 27, 2022, 4:04 p.m. EDT

Dow, S&P 500 fall for 6th straight day on Tuesday on recession jitters

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)
  • X
    NASDAQ Composite Index (COMP)

or Cancel Already have a watchlist? Log In

By Joy Wiltermuth

The Dow and S&P 500 booked a sixth straight day of declines on Tuesday, as bond yields rose and stocks gave up earlier gains. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.10% fell about 123 points, or 0.4%, to end near 29,136, its lowest closing level since November 2020, according to Dow Jones Market Data. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.12% shed 0.2% to record its longest losing streak since Feb. 28, 2020. The technology-heavy Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.18% eked out a 0.3% gain, after flipping between modest gains and losses. Recent turbulence in stocks has been attributed to fears about the Federal Reserve potentially inducing a "hard landing" for the U.S. economy as it looks to tame high inflation through sharply higher interest rates and tighter monetary policy. The rate on the 10-year Treasury bond almost touched 4% on Tuesday, with the benchmark rate spotted at 3.963% at 3 p.m. Eastern, its highest since April 2010, according to Dow Jones Market Data. Investors also could pick up yields of 4.3% on Tuesday on 2-year Treasurys, another factor that has weighed on stocks. But higher benchmark rates also mean increased borrowing costs for households and businesses at a time when high inflation has been stretching paychecks and also could dampen corporate earnings.

US : Dow Jones Global
+34.87 +0.10%
Volume: 0.00
Dec. 2, 2022 5:10p
-4.87 -0.12%
Volume: 0.00
Dec. 2, 2022 5:10p
US : Nasdaq
-20.95 -0.18%
Volume: 4.59B
Dec. 2, 2022 5:16p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.