Google Play mobile download button
Apple IOS mobile download button
Google Play mobile download button
Apple IOS mobile download button
HomeBreaking NewsStocks end with steep losses but off session lows

Stocks end with steep losses but off session lows

'Quick read' news summary

Stocks fell sharply Thursday, but ended well off session lows, as resilient economic data reinforced expectations for the Federal Reserve to continue tightening monetary policy aggressively into 2023. The Dow Jones Industrial Average DJIA, -1.05% finished with a loss of nearly 350 points, or 1%, after dropping more than 800 points at its session low. The S&P 500 SPX, -1.45% ended 1.4% lower, while the Nasdaq Composite COMP, -2.18% shed 2.2%.

Stocks fell sharply Thursday, but ended well off session lows, as resilient economic data reinforced expectations for the Federal Reserve to continue tightening monetary policy aggressively into 2023. The Dow Jones Industrial Average DJIA, -1.05% finished with a loss of nearly 350 points, or 1%, after dropping more than 800 points at its session low. The S&P 500 SPX, -1.45% ended 1.4% lower, while the Nasdaq Composite COMP, -2.18% shed 2.2%.

Read different perspectives