The Dow was down more than 500 points Wednesday afternoon in the final hour of trade, as investors braced for Thursday's key inflation reading and as several...
The Dow was down more than 500 points Wednesday afternoon in the final hour of trade, as investors braced for Thursday's key inflation reading and as several tight races left control of Congress up for grabs. The Dow Jones Industrial Average DJIA, -1.65% was down 508 points, or 1.5%, trading near 32,678, after falling more than 600 points at the session's low. The S&P 500 index [s:spx] was off 1.6% and the Nasdaq Composite Index COMP, -2.08% was 2% lower.
But results so far point to"anything even vaguely controversial in this Congress, which means we pretty much know that current fiscal policies will remain in place: no tax cuts and no major spending bills for the next two years," said Brad McMillan, chief investment officer at Commonwealth Financial Network, in emailed comments.
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