Main PageApril 4, 2025

Major US indices are closing sharply to the downside with declines near by 5.5% – 6%

Major US stock indices all move sharply lower for the second consecutive day. The S&P index in the NASDAQ index closed down6%.

The final numbers are showing:

  • Dow industrial average -2231.07 points or -5.5% or 38314.86
  • S&P index -322.44 points or -5.97% at 5074.05..
  • NASDAQ index -962.82 points or -5.82% and 15587.79.
  • Russell 2000-83.51 points or -4.37% and 1827.03

The trading week for each of the major indices was the worst going back to the 2020 pandemic

  • Dow industrial average fell -7.86%.
  • S&P index for -9.08%
  • NASDAQ index fell 10.02%
  • Russell 2000-9.70%

For the trading year the major indices are all down sharply:

  • Dow industrial average -9.94%
  • S&P index -13.73%
  • NASDAQ index -19.28%

From the all-time highs for the major indices:

  • Dow industrial average is 14.99%
  • S&P index -17.77%
  • NASDAQ index -22.85%
  • Russell 2001 25.93%

Looking at the Magnificent 7 for the year:

  • Nvidia -29.77%
  • Meta -13.80%
  • Microsoft -14.63%
  • Alphabet -23.09%
  • Apple, -24.77%
  • Amazon -22.06%
  • Tesla -40.71%

No matter how you look at it, the numbers are not good.

This article was written by Greg Michalowski at www.forexlive.com.