Stocks Fall as Economic Worries Persist; Home Prices Up May Lead to More Fed Rate Hikes

Dow Jones Industrial Average down 324 points, or 1%, amid economic uncertainty
S&P 500 and Nasdaq Composite also down 1.2%
Home prices rose in July, signaling Fed may need to keep rates high to reduce inflation
Treasury bond yields rising on expectations of higher federal funds rate
Consumer confidence weak in September as households grow less confident in spending

barrons.com

Relevant topic timeline:

9/6/2023

The Dow Sinks. A Tech Selloff Is On.

The Dow Jones sinks over 300 points as a tech selloff occurs due to investor fears of more Fed rate hikes, with Apple, Tesla, and Nvidia all experiencing significant declines.

9/21/2023

Dow Slips as Jobless Claims Drop but Manufacturing Slumps; Tech Stocks Sink While Yields, Oil Rise After Fed's Hawkish Turn

The Dow Jones Industrial Average dropped 225 points as global markets responded to the Federal Reserve's shift in tone, while unemployment claims unexpectedly decreased and tech stocks like Nvidia and Tesla experienced sell-offs.

9/26/2023

Stocks Fall on Weak Housing Data; DraftKings Gains on Upgrade

The Dow Jones dropped over 250 points as key housing data was released, while DraftKings saw a rise following an analyst upgrade.

10/2/2023

Stocks Slide as Shutdown Avoided but Growth Worries Remain

The Dow Jones Industrial Average dropped 150 points as the U.S. government averted a shutdown, while Tesla stock declined due to weaker-than-expected third-quarter deliveries.

10/3/2023

Stocks Sink as Job Openings Climb and Yields Rise

The Dow Jones Industrial Average dropped over 300 points after the release of August JOLTS data, while Cathie Wood's Ark Invest ETFs sold nearly $4 million worth of Nvidia stock.

10/3/2023

Stocks Plunge as Yields Surge, Tech Sinks and McCarthy Ousted in Dramatic Day

The Dow Jones Industrial Average and other indexes took a major hit in the stock market, with the Dow falling more than 500 points and the Nasdaq and S&P 500 also experiencing significant losses, as the cost of borrowing money increased and the yield on the Treasury 10-year bond reached a 16-year high.

10/3/2023

Congress in Disarray as McCarthy Fails Speaker Vote, Markets Tumble Amid Ongoing Economic Concerns

The stock market declined as the Dow lost 430 points and the Nasdaq lost 248 points, with the overall market being negatively affected by a higher 10-year bond yield and robust labor force data, while political turmoil in the House of Representatives and the possibility of a government shutdown added to the market's uncertainty.

10/24/2023

Stocks Rally on Upbeat Economic Data; Earnings Lift Dow 275 Points

The Dow Jones Industrial Average rose 275 points on Tuesday after the release of positive economic data, while tech giants Alphabet and Microsoft prepared to report their earnings after market close.

Topics

Posted 9/26/2023, 6:56:00 PM

Stocks Fall as Economic Worries Persist; Home Prices Up May Lead to More Fed Rate Hikes

Dow Jones Industrial Average down 324 points, or 1%, amid economic uncertainty
S&P 500 and Nasdaq Composite also down 1.2%
Home prices rose in July, signaling Fed may need to keep rates high to reduce inflation
Treasury bond yields rising on expectations of higher federal funds rate
Consumer confidence weak in September as households grow less confident in spending

barrons.com

Relevant topic timeline:

9/6/2023

The Dow Sinks. A Tech Selloff Is On.

The Dow Jones sinks over 300 points as a tech selloff occurs due to investor fears of more Fed rate hikes, with Apple, Tesla, and Nvidia all experiencing significant declines.

9/21/2023

Dow Slips as Jobless Claims Drop but Manufacturing Slumps; Tech Stocks Sink While Yields, Oil Rise After Fed's Hawkish Turn

9/26/2023

Stocks Fall on Weak Housing Data; DraftKings Gains on Upgrade

The Dow Jones dropped over 250 points as key housing data was released, while DraftKings saw a rise following an analyst upgrade.

10/2/2023

Stocks Slide as Shutdown Avoided but Growth Worries Remain

The Dow Jones Industrial Average dropped 150 points as the U.S. government averted a shutdown, while Tesla stock declined due to weaker-than-expected third-quarter deliveries.

10/3/2023

Stocks Sink as Job Openings Climb and Yields Rise

The Dow Jones Industrial Average dropped over 300 points after the release of August JOLTS data, while Cathie Wood's Ark Invest ETFs sold nearly $4 million worth of Nvidia stock.

10/3/2023

Stocks Plunge as Yields Surge, Tech Sinks and McCarthy Ousted in Dramatic Day

10/3/2023

Congress in Disarray as McCarthy Fails Speaker Vote, Markets Tumble Amid Ongoing Economic Concerns

10/24/2023

Stocks Rally on Upbeat Economic Data; Earnings Lift Dow 275 Points

The Dow Jones Industrial Average rose 275 points on Tuesday after the release of positive economic data, while tech giants Alphabet and Microsoft prepared to report their earnings after market close.