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%
|
|
