Yesterday, investors found themselves navigating through a flurry of economic data as they prepared for Thursday’s holiday break. With a shortened trading session coming up on Friday, the month is set to wrap up amid some market turbulence.
On Wednesday, the Dow Jones Industrial Average dropped by 138.25 points, a 0.3% decline, settling at 44,722.06. Meanwhile, the S&P 500 declined by 22.89 points, or 0.4%, closing the day at 5,998.74. The Nasdaq Composite Index didn’t fare much better, losing 115.10 points, which equates to a 0.6% fall, ending the session at 19,060.48. These downturns marked the steepest percentage declines in over two weeks.
Despite the day’s setbacks, it’s been an impressive year for U.S. stocks overall. With Thanksgiving just around the corner, the Dow is tracking close to a 19% rise year-to-date. The S&P 500 has climbed approximately 26%, and the Nasdaq has seen a robust increase of about 27%, as per data from FactSet.
