$TRUMP Breaking: Wall Street closes with heavy losses as Nasdaq plunges
Wall Street is retreating today in a risk-off session: the Nasdaq Composite drops 2.8% to 25,962.72, the S&P 500 falls 1.4% to 7,648.42, while the Dow Jones Industrial Average loses 0.2% to 52,768.32 at 3:16 p.m. New York time. The fear gauge, the VIX, jumps about 14% to near 19. Meta leads the decline (down about 7%) following negative free cash flow and a new class of non-voting shares to fund AI, while investors turn to Treasury bonds (the 10-year yield below 5%) and defensive sectors.
$XAU
Wall Street is retreating today in a risk-off session: the Nasdaq Composite drops 2.8% to 25,962.72, the S&P 500 falls 1.4% to 7,648.42, while the Dow Jones Industrial Average loses 0.2% to 52,768.32 at 3:16 p.m. New York time. The fear gauge, the VIX, jumps about 14% to near 19. Meta leads the decline (down about 7%) following negative free cash flow and a new class of non-voting shares to fund AI, while investors turn to Treasury bonds (the 10-year yield below 5%) and defensive sectors.
$XAU