Dow Jones plunges 800 pts in worst daily performance in over a month
US stocks fell sharply on Thursday amid a broad selloff, as investors reassessed their positions following the end of the government shutdown, diminishing odds of monetary easing, and mounting concerns over stretched tech valuations.
The Dow Jones Industrial Average tumbled 1.65% (797 points) to 47,457, marking its worst daily performance since October 10, after closing yesterday at a record high.
The S&P 500 fell 1.66% (113 points) to 6,737, while the Nasdaq Composite slid 2.29% (536 points) to 22,870.
In Europe, the Stoxx Europe 600 dropped 0.61% to 580.67, after hitting a record 584.23 in the previous session.
The FTSE 100 declined 1% to 9,807, Germany’s DAX fell 1.39% to 24,041, and France’s CAC 40 eased 0.11% to 8,232.
In Japan, the Nikkei 225 rose 0.45% to 51,281, while the broader Topix gained 0.65% to a record closing high of 3,381.
Brent futures for January delivery rose 0.48% (30 cents) to $63.01 a barrel. WTI crude for December delivery gained 0.34% (20 cents) to $58.69.
Gold futures for December delivery fell 0.45% (-$19.1) to $4,194.50 an ounce.
Earlier today, the US House of Representatives voted to approve a temporary budget bill, sending it to President Donald Trump for sign-off, ending the longest government shutdown in US history.
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