Dow Jones Today: Index Slides Again as Oil Tops $119 and Fed Cut Hopes Fade
Dow Jones Industrial Average slid 427.99 points, or 0.92%, to 45,797.70 by 11:36 a.m. ET Thursday, as rising crude and a hawkish Fed put investors on edge. The S&P 500 lost 0.77%, with the Nasdaq Composite down 0.93%. Russell 2000 briefly slipped into correction—10% off its highs. All three benchmarks traded below the 200-day moving average, a key momentum gauge. Micron dropped 4.1%; Nvidia slipped 1.2%.