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How major US stock indexes fared Wednesday, 8/2/2023

Por: ABC News Business August 02, 2023

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Wall Street tumbled to its worst day in months as its torrid rally that critics called overdone lost more momentum. The S&P 500 fell 1.4% Wednesday for its sharpest drop since April. It was the index’s second straight loss after hitting a 16-month high last week. The Dow lost 1%, and the Nasdaq sank 2.2%. Yields were mixed after Fitch cut the U.S. government’s credit rating. The downgrade strikes at the core of the financial system, but... + full article



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