U.S. stocks close lower as Dow falls 0.63% and Nasdaq drops 0.78%

  • U.S. stocks closed lower Tuesday, with the Dow down 0.63%, the S&P 500 down 0.45% and the Nasdaq down 0.78% after a more than 300-point intraday Dow decline.
  • The CNN Money Fear and Greed Index fell to 28 from 31, while the 10-year Treasury yield topped 5% and crude oil moved above $105 a barrel.
  • Traders priced roughly a 92% chance of a 25-basis-point Federal Reserve increase Wednesday; Forgent and Radiant gained after stronger-than-expected quarterly results.

U.S. stocks closed lower Tuesday, with the Dow Jones Industrial Average down 0.63%, the S&P 500 down 0.45% and the Nasdaq Composite down 0.78%, according to MSX.COM data. The Dow fell about 328 points to 52,093.11 after declining more than 300 points intraday, while the CNN Money Fear and Greed Index fell to 28 from 31, remaining in the Fear zone. Market pressure came as the 10-year Treasury yield moved above 5% and crude oil rose past $105 a barrel. Traders assigned roughly a 92% probability to a 25-basis-point Federal Reserve rate increase Wednesday, which would be the first hike since July 2023. Energy and materials shares advanced while most other S&P 500 sectors declined. Forgent Power Solutions and Radiant Logistics rose after reporting better-than-expected quarterly results, and the New York Fed’s Empire State Manufacturing Index fell to 7.6 in September from 20.6 in August.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.