The Dow Jones Industrial Average fell 1% and the S&P 500 dropped 1.4%, the two indices sustaining their biggest falls since April. The Nasdaq composite’s drop was most pronounced, shedding 2.2%, while bond market prices were mixed. The Fitch Ratings downgrade of the US government on Tuesday, due in part to repeated congressional delays over the US debt, has raised concerns about safe investments.
US stocks: Wall Street tumbles to its worst loss in months
The Dow Jones Industrial Average fell 1% and the S&P 500 dropped 1.4%, the two indices sustaining their biggest falls since April. The Nasdaq composite’s drop was most pronounced, shedding 2.2%, while bond market prices were mixed. The Fitch Ratings downgrade of the US government on Tuesday, due in part to repeated congressional delays over the US debt, has raised concerns about safe investments.