On Tuesday, September 26, the U.S. stock markets closed significantly lower, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates.
The Conference Board’s consumer confidence index fell to 103 in September.
All sectors of the S&P 500 ended in the red, with utilities and consumer discretionary stocks experiencing the largest declines.
Amazon.com, Inc (NASDAQ: AMZN) saw a 4% drop in its stock on Tuesday as it faced legal action from the Federal Trade Commission and 17 states.
The Dow Jones Industrial Average closed lower by 1.14% at 33,618.88. The S&P 500 saw a decline of 1.47%, settling at 4,273.53, ...