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The Nasdaq Composite index tumbled 2.8%, logging its worst day since December 2022. The S&P 500 lost 1.4%. The Dow rose 0.6%, closing at another record high and above 41,000 for the first time.
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The tech-heavy Nasdaq index closed down 3.6%, while the broader S&P 500 index closed down 2.3% — both their worst performances in more than 18 months. The Dow Jones Industrial Average fell 1.25%.
In the first 6 months of 2022, the S&P 500 fell 21%, the worst 6-month start to a year since 1970. [13] [14] On September 13, 2022, the S&P 500 declined by 4.32% in its largest single-day drop since June 2020. [15] [16] The S&P 500 had the worst results since 2008, with a decline of 19% for the year. [17] The Nasdaq Composite fell 33%. [18]
Nasdaq Composite; Closing milestones of the Nasdaq Composite; List of largest daily changes in the Dow Jones Industrial Average; List of largest daily changes in the S&P 500 Index; List of largest daily changes in the Russell 2000; List of stock market crashes and bear markets
The S&P 500 fell 0.5% and the Nasdaq Composite lost 0.9%. That comes after the benchmark index and tech-heavy Nasdaq on Wednesday logged their worst day since 2022.
Five of the Nasdaq’s 15 worst days ever came between April 2000 and January 2001. On April 14, 2000 the index fell by nearly 10 percent, its second-biggest single-day decline ever at the time.
Stocks sank Tuesday, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields.