How major US stock indexes fared Thursday
September 4, 2020
Stocks fell sharply on Wall Street Thursday as high-flying technology companies took a tumble after months of spectacular gains.
The selling was widespread, sending the benchmark S&P 500 3.5% lower, its biggest loss since June. The tech-heavy Nasdaq fell 5%. Both indexes set record highs a day earlier.
Treasury yields fell as cautious investors shifted money into bonds.
The S&P 500 fell 125.78 points, or 3.5%, to 3,455.06.
The Dow Jones Industrial Average dropped 807.77 points, or 2.8%, to 28,292.73.
The Nasdaq composite lost 598.34 points, or 5%, to 11,458.10.