Dow closes 500 points lower, its 4th straight losing session and worst day since March 2023: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on March 27, 2024 Traders work on the floor of the New York Stock Exchange during afternoon trading on March 27, 2024 Stocks tumbled on Thursday in a bout of volatile trading ahead of the March jobs report. A spike in oil prices and fears the Federal Reserve could hold off on interest rate cuts also dented investors’ sentiment. The Dow Jones Industrial Average lost 530.16 points, or 1.35%, to close at 38,596.98. The 30-stock Dow suffered its worst session since March 2023, and it logged its fourth consecutive losing day. The S&P 500 dropped 1.23% to end at 5,147.21. The tech-heavy Nasdaq Composite dipped 1.40% to close at 16,049.08. The three major averages took a sharp downturn late in the session, falling more than 2% off their intraday highs. Between its highs and lows of the day, the Dow swung more than 860 points. Crude oil jumped midday, which coincided with the rollover in stocks Thursd