US stocks deepen losses, Dow Jones drops over 470 points

2021-05-11 22:09:49 GMT (Economies.com)
US stocks deepen losses, Dow Jones drops over 470 points

The main US stock benchmarks fell on Tuesday, due to a broad sell-off wave and the tech shares' rout.

 

Wall Street has also been weighed down after the 10-year US Treasury bond yields rose to 1.63%, on expectations that inflation will rise above the Fed's target of 2% in 2022.

 

Data showed that the US house prices index rose 16.2% to an average of $319.2 during the first quarter of 2021, the highest quarterly jump ever.

 

To the oil market, WTI crude June futures rose 0.6% or 36 cents, and closed at $65.28 a barrel.

 

Brent June futures rose 0.4% or 23 cents, and closed at $68.55 a barrel.

 

As for stocks, Dow Jones fell 1.4% or 473 points, and closed at 34,269, with a day high of 34,572, and a low of 34,075.

 

Nasdaq fell 0.1% or 12 points to 13,389, with a high of 13,423 and a low of 13107 points.

 

S&P 500 fell 0.8% or 36 points to 4,152, after hitting a high of 4,162 and a low of 4,111.

 
 
 
  Symbol Last Change Chg.%
1.1931
0.0029
0.2399%
1.3919
0.0024
0.1763%
Tadawul
10919.68
6.62
0.06%
25.924
-0.064
0.246%
73.529
1.703
2.371%
75.56
0.32
0.43%
1774.130
-4.260
0.239%
 
 
US
 
Europe
 
Asia