HomeUrgentBeauty and BusinessSaturday, September 16, 2023 – 8:16 AM
Wall Street’s main indices fell on Friday, with chip makers’ shares falling due to concerns about weak demand, while rising Treasury yields pressured shares of Amazon and other growth companies with huge market value.
The Standard & Poor’s 500 index fell by 54.82 points, or 1.22 percent, to end the session at 4,450.28 points.
The Dow Jones Industrial Average fell 289.99 points, or 0.83 percent, to 34,617.12 points.
The Nasdaq Composite Index fell 217.33 points, or 1.56 percent, to 13,708.72 points.
Shares of Applied Materials, Lam Research, and KLA Corp., which makes chip equipment, fell after a delay in NTMC asking major suppliers to delay orders. Shares of strong-growth companies sensitive to rising interest rates, such as Amazon, Microsoft, and Meta Platforms, also declined. .
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2023-09-16 05:17:39
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