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Business Recorder Logo

Jun 01, 2020 PRINT EDITION

NEW YORK: Wall Street suffered its second straight rout Thursday as worries about a government shutdown added to upset at the Federal Reserve's latest interest rate hike.

At the closing bell, the Dow Jones Industrial Average stood at 22,850.72, down 2.0 percent.

The broad-based S&P 500 slid 1.6 percent to 2,467.16, while the tech-rich Nasdaq Composite Index slumped 1.7 percent to 6,526.29.

A bruising December has set up Wall Street for its worst year since the financial crisis.

Copyright AFP (Agence France-Press), 2018