Traders work on the floor at the New York Stock Exchange in New York’s Financial District Thursday, Jan. 2, 2025.
Traders work on the floor at the New York Stock Exchange in New York’s Financial District Thursday, Jan. 2, 2025.
NEW YORK (AP) — Good news on the U.S. economy is back to being bad for Wall Street, and the stock market is sinking Tuesday toward its worst day in nearly three weeks following better-than-expected reports on the job market and business activity.
The S&P 500 swung to a loss of 1.4% after giving up an early morning gain. The Dow Jones Industrial Average was down 314 points, or 0.7%, with less than 30 minutes remaining in trading, while the Nasdaq composite tumbled 2.2%.
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