
Stock Market Drops as Wall Street Tries to Make a Comeback
Published on August 7, 2024
The Dow Jones Industrial Average saw early gains on Wednesday before turning negative by midday, two days after it posted a more than 1,000-point loss amid fears of a possible U.S. recession. By around 2:30 p.m. EDT, the Dow was down by about 160 points. Both the Nasdaq Composite and S&P 500 Index also posted modest losses by midday. It came a day after the three major U.S. stock indexes clawed back some of their losses from a day earlier. The Dow Jones added 294 points, or 0.8 percent, the S&P 500 added 1 percent, and the Nasdaq Composite gained 1 percent....
