S&P 500 Movers for Wednesday (1/19)

Movers and Shakers wrote a column · Jan 20, 2022 09:53

The $Nasdaq Composite Index (.IXIC.US)$ fell again on Wednesday, bringing its decline from its November high to more than 10% as investors continue to dump tech shares as interest rates spike to start the new year.

The technology-focused Nasdaq Composite dipped 1.15% to 14,340.26. Wednesday's losses brought the index 10.7% off its most recent record close in November 2021.

The $Dow Jones Industrial Average (.DJI.US)$ fell 339.82 points to 35,028.65, dragged down by a 3.1% decline in Caterpillar's stock. The $S&P 500 Index (.SPX.US)$ slid nearly 1% to 4,532.76.