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27 Sep 2023


NextImg:US Stock Market Plunges Amid Weak Consumer Confidence And Inflation Fears
On Tuesday, September 26, the U.S. stock markets closed significantly lower, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates. PHOTO BY MARKUS SPISKE/UNSPLASH

On Tuesday, September 26, the U.S. stock markets closed significantly lower, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates.

The Conference Board’s consumer confidence index fell to 103 in September.

All sectors of the S&P 500 ended in the red, with utilities and consumer discretionary stocks experiencing the largest declines.

On Tuesday, September 26, the U.S. stock markets closed significantly lower, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates. PHOTO BY MARKUS SPISKE/UNSPLASH

Amazon.com, Inc (NASDAQ: AMZN) saw a 4% drop in its stock on Tuesday as it faced legal action from the Federal Trade Commission and 17 states.

The Dow Jones Industrial Average closed lower by 1.14% at 33,618.88. The S&P 500 saw a decline of 1.47%, settling at 4,273.53, while the Nasdaq Composite slid 1.57% to conclude at 13,063.61.

On Tuesday, September 26, the U.S. stock markets closed significantly lower, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates. PHOTO BY MARKUS SPISKE/UNSPLASH

Asian Markets Today

Eurozone at 05:45 AM ET

Commodities at 05:45 AM ET

US Futures at 05:45 AM ET

Dow futures gained 0.22%, S&P 500 futures were higher by 0.30%, and Nasdaq 100 futures rose by 0.29%.

Forex at 05:45 AM ET

The U.S. Dollar Index was up 0.09% to 106.33. USD/JPY gained 0.09% to 149.19, and AUD/USD decreased by 0.33% to 1.5684.

Produced in association with Benzinga