US stocks closed in the red on Wednesday, pressured by losses in the technology sector, as the market evaluation of a Federal Reserve report renewed concerns about inflation persistence.
The Dow Jones Industrial Average lost 45 points, or 0.1%, to close at 37,753. It reached 38,036 points during the session.
The Nasdaq Composite plunged 1.15%, or 181 points, to 15,683.
The S&P 500 shed 1.7%, as Nvidia tumbled 3.85%. Amazon, Microsoft, Apple, Meta Platforms and Tesla lost between 1.1% and 0.65%.
Elsewhere, the STOXX Europe 600 Index held steady at 498.5 points.
Germany’s DAX 40 Index remained unchanged at 17,770 points. FTSE 100 added 0.35% to end at 7,847 points. The CAC 40 Index also gained 0.6% to 7,981 points.
The Nikkei 225 closed 1.3% lower at 37,961 points, the first time to break the 38,000 level since February. TOPIX also dipped 1.25% to 2,663 points.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1720186
