Dow plunges by 900 points, Nasdaq marks new intraday low for the year
April was the worst month for the Dow and S&P 500 since March 2020
By Yashasvini Razdan
Published - Apr 29, 2022, 10:39 PM ET
Last Updated - Feb 24, 2024, 05:46 AM EST
US stocks traded sharply lower on Friday after the US inflation gauge for the month of March grew at its fastest pace since January 1982.
The Dow Jones Industrial Average fell about 938 points, or 2.8%, ending the session near 32,977.
The S&P 500 dropped 132 points, or 3.1%, to 4,155. The Nasdaq Composite hit a new intraday low for the year, dropping 4.3%, weighed down by Amazon’s post-earnings plunge.
Friday marked the last day of trading for the month of April. This was the worst month for the Dow and S&P 500 since March 2020, Nasdaq’s 13.3% monthly fall was its biggest drop since October 2008.
