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- Major US stock indexes finished trading in negative territory
Major US stock indexes finished trading in negative territory
Major US stock indexes fell sharply, reaching a 3-week low, as weak quarterly results from retailers, including Target (TGT) and Kohl (KSS), as well as the fall in the energy sector caused Wall Street, which still retreat from the collapse of the technology sector.
In addition, the focus was on data on the US housing market. As it became known, US housing construction rose in October amid a rebound in multi-unit housing projects, but the construction of single-family homes fell for the second month in a row, suggesting that the housing market is still weak as mortgage rates rose in March. Bookmarking new homes rose 1.5% to a seasonally adjusted annual rate of 1,228 million units last month, the Commerce Department reported on Tuesday. The data for September were revised from 1,201 million units to 1,210 million units.
All components of DOW finished trading in the red (30 out of 30). Apple Inc.’s shares turned out to be an outsider. (AAPL, -4.78%).
All sectors of the S & P recorded a decline. The largest decline was in the commodity sector (-3.2%)
| Index | Change, points | Closed | Change, % |
| Dow Jones | -551.8 | 24465.64 | -2.21 |
| S&P 500 | -48.84 | 2641.89 | -1.82 |
| NASDAQ Composite | -119.66 | 6908.82 | -1.7 |
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