2023-08-03 03:19:00
The Nasdaq Composite fell 2.08%.
Dubai – Al Arabiya.net
Posted on: August 03, 2023: 07:19 AM GST Last updated: August 03, 2023: 07:34 AM GST
Wall Street closed lower on Wednesday, with the Standard & Poor’s 500 and the Nasdaq Composite indices dropping for the second day in a row, a day following Fitch downgraded the US government’s credit rating.
According to preliminary data, the Standard & Poor’s 500 fell 63.27 points, or 1.38%, to 4,513.46, while the Dow Jones Industrial Average fell 332.09 points, or 0.93%, to 35,298.59.
The Nasdaq Composite fell 296.76 points, or 2.08%, to 13,987.15 points, according to Archyde.com.
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