- The Dow Jones Industrial Average is down more than 400 points Tuesday.
- It’s on pace to close the trading session slightly in the red for 2023.
- Bond yields spiked after fresh labor data, which pointed to a still-resilient job market.
After a strong to the year, the Dow Jones Industrial Average is on pace Tuesday to give up all of its 2023 gains.
Around 1:45 p.m. in New York on Tuesday, the key index had lost over 400 points, or about 1.4%. At the same time, the S&P 500 shed about 1.34% to hit its lowest level since June, and the Nasdaq dropped more than 1.8%.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased