U.S. indices traded sharply lower Wednesday following worse-than-expected retail earnings this week. Anticipation of further Fed policy tightening has continued to weigh on stocks across sectors.
- The Nasdaq composite finished lower by 4.7% to 11,418.15; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) lost 4.91% to $291.14
- The S&P 500 traded lower by 4.03% to 3,924; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) lost 4.01% to $391.86
- The Dow Jones composite finished lower by 3.5% to 31,490.07; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished lower by 3.53% at $315.55
Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.
TJX Companies Inc (NYSE:TJX), NRG Energy Inc (NYSE:NRG) and Assurant, Inc. (NYSE:AIZ) were among the only gainers.
Target Corporation (NYSE:TGT), Dollar Tree, Inc. (NASDAQ:DLTR) and Old Dominion Freight Line Inc (NASDAQ:ODFL) were among the top losers.
Elsewhere On The Street
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Walmart, Inc (NYSE:WMT) stock was falling further Wednesday after plummeting over 11% on Tuesday following its first-quarter 2023 earnings print... Read More
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two major radio broadcasters... Read More
