| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 40936.93 | -626.15 | -1.51% |
| S&P 500 | 5528.93 | -119.47 | -2.12% |
| Nasdaq | 17136.30 | -577.33 | -3.26% |
| VIX | 20.72 | 5.72 | 38.13% |
| Gold | 2523.80 | 0.80 | 0.03% |
| Oil | 70.39 | 0.05 | 0.07% |
US MARKET
U.S. stocks closed lower, with the Dow Jones Industrial Average falling 1.5% to 40,936.93. The S&P 500 declined 2.1% to 5,528.93, while the Nasdaq Composite dropped 3.3% to 17,136.30.
Within the S&P 500, the top performers were Super Micro Computer Inc, which surged 3.02%, JM Smucker Co, which climbed 2.96%, and Church & Dwight Co Inc, which gained 2.66%.
On the downside, Boeing Co saw the largest decline, dropping 8.05%, followed by Albemarle Corp, which fell 7.64%, and Freeport-McMoRan Inc, which lost 6.91%.
LOCAL MARKET
Australian shares are expected to open lower, following a significant decline in US stocks. As of 8:00 AM on Wednesday, ASX futures were down 1.16% or 94 points, indicating a weaker start.
US stocks plunged amid renewed concerns about a slowing economy, mirroring the sharp selloff that shook global financial markets just a month ago.
Major indices experienced their worst day since August 5th, with the S&P 500 dropping 2.1%, the Nasdaq Composite falling 3.3%, and the Dow Jones Industrial Average losing 1.5%.