Dow drops 300 pts, Nasdaq down over 2%

Markets 11/9/2018, 8:19 PM
Dow drops 300 pts, Nasdaq down over 2%

The Dow Jones Industrial Average drooped 300 points on Friday during intraday trading on Wall Street, while the tech-heavy Nasdaq 100 tumbled over 2%. Although all major indexes were in the red on Friday, United Stets markets were still poised for solid weekly gains.

The Dow was down 1.17% at 8:21 pm CET, with Cisco Systems and Caterpillar leading the losses, falling 3.14% and 2.79%, respectively. The Nasdaq lost 2.45% at the same time. Video game company Activision Blizzard tumbled 13.06% on weak active users report. The S&P 500 was 1.47% lower at 8:24 pm CET, with energy stocs dragging the index down.

The euro lost 0.23% against the greenback, to sell for 1.1335 at 8:25 pm CET.

Breaking the News / BM

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