Stocks End Lower On Wall Street After Another Volatile Day
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Tuesday, January 25th 2022, 3:22 pm
By:
Associated Press
NEW YORK -
Stocks are closing lower on Wall Street Tuesday after another volatile day of trading.
Technology companies like Microsoft were again the biggest drag on the market. The S&P 500 gave up 1.2%, but clawed back much of a midday drop after being down as much as 2.8%.
The index has been falling steadily all month and is now down 9.2% from the record high it set on the first trading day of the year.
The Nasdaq fell 2.3%. Markets have been jittery over rising inflation and worries that the Federal Reserve's actions to fight it will either be too late or too aggressive.
