Wall Street ends sharply lower as anxiety rises, earnings heat up

Wall Street ends sharply lower as anxiety rises, earnings heat up

By Stephen Culp

Thu July 18, 2024 4:26 PM

It was a major day of correction as after a brilliant rotation from megacaps and tech to small caps and the Dow, sending them to major records, all three indexes had investors cashing out their profits and all three into a major downward tailspin, especially the Dow coming down 533 but that’s not so bad considering the enormous 742 point gain on Tuesday. The Dow remains well above the historic 40,000 landmark.  The good news is jobless claims came in as expected further bolstering the case for rate cuts and Q2 reporting continues gathering steam.  Volume was a little above average at 12.14 billion. 

DJ: 41,198.08  +243.60     NAS: 17,996.93  -512.42       S&P: 5,588.27  -78.93   7/17

DJ: 40,665.02  -533.06      NAS: 17,871.22  -125.70       S&P: 5,544.59  -43.68   7/18

Thu 7-18-24 4:26 pm Wall Street ends sharply lower as anxiety rises, earnings heat up | Reuters