Traders on the New York Stock Exchange are getting nervous.
(Photo: AP)
new York The bad mood on Wall Street just won’t go away. The standard value index Dow Jones closed 3.6 percent lower on Wednesday at 31,490 points. The tech-heavy Nasdaq fell 4.7 percent to 11,418 points. The broad S&P 500 lost four percent to 3923 points. It was the worst day for stock markets in two years – and it could be worse, market experts warn.
A number of factors clouded sentiment on Wednesday. For one, earnings from retailers Walmart and Target weighed down after they reported disappointing results on Tuesday and Wednesday. They suffer from the high transport and personnel costs. But the numbers also show:
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