US Market: Major Indices Close Lower on Tuesday
CryptoNewsTerminal Staff23 May, 2024
US Market: Major Indices Close Lower on Tuesday
The three major US stock market indices closed lower on Tuesday, with the Dow Jones Industrial Average falling the most. The S&P 500 index closed down 0.74% at 3,923.68. The Nasdaq Composite index closed down 0.39% at 11,083.49. * The Dow Jones Industrial Average closed down 1.53% at 32,997.97. The decline in the markets came as investors weighed concerns about rising interest rates and the potential impact of the ongoing war in Ukraine. S&P 500 The S&P 500 index is a broad-based index of 500 large-cap stocks listed on US exchanges. The index is widely used as a benchmark for the overall performance of the US stock market. Nasdaq Composite The Nasdaq Composite index is a market-capitalization-weighted index of all common stocks listed on the Nasdaq stock exchange. The index is heavily weighted towards technology stocks. Dow Jones Industrial Average The Dow Jones Industrial Average is a price-weighted index of 30 large-cap stocks listed on US exchanges. The index is one of the oldest and most widely known stock market indices in the world.
