US stocks ended trading on Tuesday, the twenty-eighth of June, with the market still failing to recover from the bear market.
At the end of the session, the Dow Jones index fell by 1.3%, or 490 points, to record 30,947 points.
The S&P500 fell 2% at 3,821 points, while the Nasdaq fell 3% to 11,181 points.
Shares declined in conjunction with the release of negative economic data. The consumer confidence index declined at 98.7 points in June, compared to 103.2 points in May, and once morest expectations that it would score 100 points.
Retail stocks fell following the release of consumer confidence data, Bath & Body Works fell by 5.8% and Lowe’s by 5.2%, while Home Depot’s stock fell by more than 4%.
Nike’s stock fell regarding 7%, despite the company’s quarterly earnings and revenue exceeding expectations in the company’s last fiscal quarter.
Shares of chip companies incurred losses, with Nvidia falling by 5.3% and Advanced Micro Devices by 6.2%.
