Wall Street ends a stormy week with sharp losses | ...


US stocks closed significantly lower in a broad sell-off Friday, September 17, at the end of a week filled with strong economic data, fears of an increase in corporate taxes, the mutated delta strain of the Corona virus, and possible shifts in the schedule for the US Federal Reserve to reduce its asset purchases.

All three major US stock indices declined, with the Nasdaq Composite incurring the biggest loss as rising US Treasury yields pressured growth-related stocks leading the market.

It also posted weekly losses, with the S&P500 index posting its biggest drop in two weeks since February.

The Dow Jones Industrial Average fell 168.15 points, or 0.48%, to 34,583.17 points, the S&P500 index closed down 41.06 points, or 0.92%, to 4432.69 points, and the Nasdaq Composite Index fell 137.96 points, or 0.91%, to 15043.97 points.





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