Wall Street experienced another dark session on Wednesday May 18, one of the worst since 2020 for the indices, started a day after negative announcements from major retailers, which led to fears about food and corporate profits.
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The Dow Jones index fell 3.56% to 31,493.56 points. The Nasdaq fell 4.73% to 11,418.15 points, although it sank 5% shortly before the close. The index with a strong technical color is now 30% below its peak. The S&P 500 lost 4.03%, falling below 4,000 points, to 3,924.18 points.
The Nasdaq fell 4.73% to 11,418.15 points, although it sank 5% shortly before the close. The index with a strong technical color is now 30% below its peak. The S&P 500 lost 4.03%, falling below 4,000 points, to 3,924.18 points.
The impressive drop in Target Supermarket shares (-24.87% to $ 161.73) – a rare price drop in the retail sector – attracted the attention of investors because it shows how much prices are starting to weigh on food and the company’s profits.
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