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Dow Jones Industrial Average Continues to Decline
Despite Initial Gains, the Market Trended Downward
Key Points:
- The Dow Jones Industrial Average (DJIA) opened slightly higher on Monday.
- However, the market quickly turned negative and continued to decline throughout the day.
- The DJIA closed down over 500 points on Monday, its largest one-day decline since June.
- The decline was attributed to concerns about the global economy and rising interest rates.
The Dow Jones Industrial Average (DJIA) continued its downward trend on Monday, closing down over 500 points in its largest one-day decline since June.
The market opened slightly higher on Monday, but quickly turned negative and continued to decline throughout the day.
The decline was attributed to concerns about the global economy and rising interest rates.
The DJIA closed at 33,970.04, down 546.80 points, or 1.59%. The Nasdaq Composite Index closed at 13,117.59, down 226.26 points, or 1.69%.
The S&P 500 Index closed at 4,228.34, down 66.57 points, or 1.55%.
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