The Dow industrial average is now down for 10 consecutive days. It's decline for today is its worst single day since August 5 when the index fell -2.6%. The fall today was just above that level The S&P index fell at its worst day also since August 5 when the index fell -3.0%. The NASDAQ index had its worst day since July 24 when the index fell -3.64%
A snapshot of the final numbers shows:
Dow industrial average fell -1123.46 points or -2.58% at 42326.44S&P index fell -178.58 points or -2.95% at 5872.04.NASDAQ index fell -716.37 points or -3.56% and 19392.69..After the close Micron Technology EPS came in at $1.79 versus $1.77. Revenues were at $8.7 billion is expected $8.7 billion. Although earnings and revenues came in as expected the stock is getting hit hard and down -16.80%. That comes after its shares fell -4.33% on the day.
Guidance for Q2 was light of expectations with revenues at 7.7 – $8.1 billion versus expected $8.99 billion. Adjusted earnings-per-share expected $1.33– $1.53 versus expected $1.92. The company said they expect to return to growth in second half of the fiscal year.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us stocks fall sharply after the fed trims expectations for cuts in 2025 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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