Markets Extend Slump As Wall Street Returns From July 4th Holiday
Newsy
The S&P 500 was down 1.5% as of midday Tuesday and the Dow Jones Industrial Average fell 1.8% to just over 30,500.
Stocks fell broadly in afternoon trading on Wall Street Tuesday, extending a slump for the major indexes as investors continue to worry about the state of the economy.
The S&P 500 fell 1.5% as of 12:01 p.m. Eastern. More than 85% of stocks in the benchmark index fell in the weak opening following a long weekend for the Independence Day holiday. The Dow Jones Industrial Average fell 562 points, or 1.8%, to 30,532 and the Nasdaq fell 0.3%.
Small-company stocks also fell. The Russell 2000 shed 1.2%.
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