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Jan. 25, 2022, 9:36 a.m. EST

Dow tumbles over 300 points to kick off Tuesday trade as market turbulence continues, as Fed meeting gets under way

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By Mark DeCambre

U.S. stocks were heading lower to start Tuesday trade ahead of the start of a gathering of the U.S. central bank, which could prove important to the complexion of a market that has turned decidedly more turbulent in recent weeks.

On Monday, investors endured a sharp selloff and surprise rally, amid market uncertainty stoked by rising inflation, disappointing corporate earnings, anxiety about the Federal Reserve’s expected policy changes, fears of a Russian invasion of Ukraine and the continuing COVID-19 pandemic.

Read more:  The S&P 500, Nasdaq just staged a turnaround for the ages, marking their largest comebacks since the 2008 financial crisis

  • The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -3.57% was trading 353 points, or 1.4%, to reach 34,0003.

  • The S&P 500 index /zigman2/quotes/210599714/realtime SPX -4.04% was trading off 1.3% at about 4,352.

  • The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -4.73% declined 1.5% to reach around 13,644.

In corporate news, shares of  3M Co.   MMM  rose after delivering  stronger-than-expected earnings , while Johnson & Johnson   JNJ  shares were down 1.3%, after the consumer goods, pharmaceutical and medical device maker posted weaker-than-expected revenue for the fourth quarter.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,490.07
-1,165 -3.57%
Volume: 465.06M
May 18, 2022 4:56p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,923.68
-165.17 -4.04%
Volume: 2.71B
May 18, 2022 4:56p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,418.15
-566.37 -4.73%
Volume: 4.30M
May 18, 2022 5:16p
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