BUSINESS US stocks end sharply lower, Dow -2.3%, Nasdaq -4.1%


US stocks end sharply lower, Dow -2.3%, Nasdaq -4.1%

China Daily

06:53, September 09, 2020

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. (Photo: Agencies)

NEW YORK - Wall Street stocks finished sharply lower, with large tech shares suffering another drubbing in a broadening sell-off that also hit energy and financial companies.

The Dow Jones Industrial Average dropped 2.3 percent, or around 630 points, to close at 27,500.89.

The broad-based S&P 500 shed 2.8 percent to 3,331.84, while the tech-rich Nasdaq Composite Index slumped 4.1 percent to 10,847.69. The Nasdaq has declined 10 percent in the last three sessions after hitting the last in a series of records on September 2.

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