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HomeMarket NewsUS Stock Market LIVE Updates: Dow Jones slides 200 points as tax bill in focus
US Stock Market LIVE: US stock indexes are drifting lower on Tuesday (May 20), as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 was down 0.3% in afternoon trading but still within 3.2% of its record. The Dow Jones Industrial Average was down 133 points, or 0.3%, as of 12:51 p.m. Eastern time, and the Nasdaq composite was 0.2% lower.
US Stock Market LIVE: US stock indexes are drifting lower on Tuesday (May 20), as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 was down 0.3% in afternoon trading but still within 3.2% of its record. The Dow Jones Industrial Average was down 133 points, or 0.3%, as of 12:51 p.m. Eastern time, and the Nasdaq composite was 0.2% lower. Treasury yields were also drifting in the bond market, while the value of the U.S. dollar was relatively stable against other currencies following a brief jolt Monday morning after Moody’s Ratings said the U.S. government no longer deserves a top-tier credit rating because of worries about its spiraling debt. Companies in the travel industry fell to some of the U.S. stock market’s worst losses, as doubts continue about how much U.S. households will be able to spend on vacations. Airbnb dropped 2.6%, Norwegian Cruise Line fell 3.1% and Las Vegas Sands lost 1.9%.
Watch this space for all the Live updates.
