Bulletin
Investor Alert

Market Pulse Archives

May 11, 2021, 4:13 p.m. EDT

Dow logs steepest daily skid in 2 1/2 months but tech-led Nasdaq stages big comeback to pare worst of Tuesday's slump

new
Watchlist Relevance
LEARN MORE

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 Mark Decambre

U.S. stocks finished out a wild Tuesday session lower but investors bought into the drop, helping to pare the worst of the day's steep drop. Still, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.95% booked its worst day since Feb. 26, ending down 472 points, or 1.4%, at 34,269. At its lows, the blue-chip index was down by as many as 668 points before paring those losses. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.58% closed 0.9% lower to 4,152, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.69% ended down less than 0.1% at 13,389, recovering from an intraday nadir at 13,107.67. Initial selling was primarily focused on technology and tech-related names, with the downturn blamed on renewed fears of a surge in inflation as the economy recovers from the COVID pandemic. Tech shares, however, saw some bids off their lows on Tuesday as investors saw buying opportunities off the day's low.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,196.82
+322.58 +0.95%
Volume: 279.38M
June 24, 2021 5:29p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,266.49
+24.65 +0.58%
Volume: 1.87B
June 24, 2021 5:29p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
14,369.71
+97.98 +0.69%
Volume: 3.93M
June 24, 2021 5:16p
loading...

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

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.