Dow Jones Index Downfalls
The US stock market witnessed a substantial decline, as the Dow Jones began trading over 1000 points below its previous close. This drop came in the wake of a worldwide market downturn, causing unease among investors and sparking fears of an upcoming economic recession. In the initial trading hours, the Dow Jones Industrial Average (DJIA) fell by 1,083.07 points, marking a 2.79 percent decrease and ending at 38,654.19.
Dow Jones Industry Avaerage (DJIA) Trend
Amid growing recession fears fueled by a series of disappointing economic data, all Wall Street indices were poised to plummet at the opening of the overnight trading session. The premarket selloff was severe, with the “Magnificent Seven” stocks, previously responsible for driving indexes to record highs, now facing a potential combined loss of $1.3 trillion in market value.
The increase in US unemployment to 4.3 percent has triggered this regulation, indicating a possible economic downturn. The sharp decrease in US markets is part of a broader global market decline, influenced by a variety of factors including increasing inflation, geopolitical tensions, and concerns about central banks worldwide tightening their monetary policies.
DJI Index Today
Current Dow jones Index price is 38800
Be First to Comment