US Stock Market Update: Dow plunges over 650 pts, S&P retreats from record high; Walmart slumps 6%

US Stock Market As we speak, Dow Jones, S&P 500, Nasdaq: Wall Road benchmarks took losses on Thursday amid persistent warning amongst traders fuelled by US President Donald Trump’s coverage strikes, particularly on the commerce tariffs entrance. Since taking workplace as forty seventh President of america a few month in the past, Trump has imposed an extra 10 per cent tariff on imports from China and introduced 25 per cent tariffs on items from Mexico and non-energy imports from Canada.

Promoting strain in monetary, shopper discretionary, shopper staple and industrial shares weighed on primary US inventory market benchmarks Dow and S&P 500, although shopping for curiosity in power and actual property shares lent some help.

US Stock Market on February 20 | Right here is how Dow Jones, S&P 500 & Nasdaq fared

The Dow Jones Industrial Common (DJIA) fell as a lot as 677.4 factors, or 1.5 per cent, to 43,950.2, whereas the S&P 500 dropped 59.6 factors, or 1.0 per cent, to six,084.6 and the expertise stocks-heavy Nasdaq Composite tumbled to as little as 19,795, down 261.2 factors, or 1.3 per cent, from its earlier shut.

The S&P 500 retreated from a closing excessive registered the day gone by.

Walmart shares plummeted after the retailing large’s top- and bottom-line forecasts fell in need of market estimates.

At 2:04 pm Japanese Time Thursday (12:34 am Indian Time Friday), the Dow was down 593.6 factors, or 1.3 per cent, at 44,034, the S&P 500 was down 42.9 factors, or 0.7 per cent, at 6,101.3, and the Nasdaq was at 19,914.1, down 142.1 factors, or 0.7 per cent, from its earlier shut.

High Dow Gainers vs Losers As we speak

As many as 20 Dow shares traded within the inexperienced on the final rely in afternoon offers.

Now, let’s check out the US expertise pack. 

ALSO READ: ‘India will not be spared from Washington’s reciprocal tariffs, I advised Modi…,’ says Donald Trump; Musk criticises Biden administration

High Nasdaq Gainers vs Losers

Additionally within the American massive tech basket, Fb (Meta) shares have been down 1.1 per cent at $696.3 apiece, the Amazon inventory was down 1.8 per cent at $222.5 whereas Apple was up 0.2 per cent at $245.4.

ALSO READ: Trump’s Tariff Shock | Market guru Anil Singhvi explains potential affect on India’s pharma & auto sectors 

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With inputs from businesses