finance
Dow Jones Drops Over 250 Points for Fifth Session as Energy and Tech Sectors Rise on Higher Oil Prices
U.S. stocks closed mostly lower on Wednesday, with the Dow Jones index dropping more than 250 points and marking its fifth consecutive decline. Crude prices rose during the session, while economic data showed increases in wholesale inventories and durable goods orders. The CNN Money Fear and Greed index remained in the Greed zone with minimal change.
Apr 30, 3:13 AM·1m read1 source
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U.S. stocks settled mostly lower on Wednesday, with the Dow Jones index falling more than 250 points during the session and recording losses for the fifth straight session, Benzinga reported. 81 on Wednesday.
24 during the session. Most sectors on the S&P 500 closed on a negative note on Wednesday, with utilities stocks recording losses. Materials stocks also recorded losses on Wednesday, and health care stocks followed suit with declines.
However, information technology stocks closed higher on Wednesday, bucking the broader trend. Energy stocks also closed higher on Wednesday, supported by rising crude prices. Crude prices rose on Wednesday, amid renewed concerns over disruptions in the Hormuz region, according to Benzinga.
Automatic Data Processing reported better-than-expected third-quarter financial results on Wednesday. Brinker International reported upbeat third-quarter earnings on Wednesday. S. 9% gain in February.
5 billion in the previous month. Market estimates for the goods deficit were an $87 billion gap in March. 2% decline in the previous month.
The CNN Money Fear and Greed index showed almost no change on Wednesday, remaining in the Greed zone. 7.
