S&P 500, Nasdaq hit 2-week lows
Business Standard|October 03, 2024
The benchmark S&P 500 and the Nasdaq traded near two-week lows on Wednesday as investors priced in a possible escalation in geopolitical tensions in the West Asia while a survey allayed worries about a rapid cooldown in the US labor market.

Markets were wary as Israel and the US vowed to strike back after Iran attacked Israel on Tuesday, following which the S&P 500 and the Nasdaq logged their biggest one-day drops in nearly a month.

The Dow Jones Industrial Average gained 28.72 points, or 0.07 per cent, to 42,175.03, the S&P 500 lost 13.30 points, or 0.24 per cent, to 5,694.09 and the Nasdaq Composite lost 88 points, or 0.49 per cent, to 17,825.69.

This story is from the October 03, 2024 edition of Business Standard.

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This story is from the October 03, 2024 edition of Business Standard.

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