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US stocks extend losses, and "Dow Jones" is below 31 thousand points

US stock indices fell during trading today, Tuesday, after the release of weak economic data, and their losses deepened in the last hours of the session.

Fears of a global economic recession cast a shadow over the markets, despite statements by European Central Bank President Christine Lagarde that the eurozone economy can achieve growth this year.

A central bank official called "John Williams" also stated that there is a need to increase interest rates further to contain inflation, and expected the possibility of avoiding an economic recession.

The Conference Board data showed that US consumer confidence fell to 98.7 points in June, the lowest level since February 2021.

At the close, the Dow Jones Industrial Average decreased by 1.6 percent (equivalent to 491 points) to 30947 points, and recorded the highest level at 31,885 points and the lowest level at 30,934 points.

The "S&P 500" index fell by 2% (equivalent to 78 points) to 3,821 points, and recorded the highest level at 3,946 points and the lowest level at 3,820 points.

The "Nasdaq" index fell by 3% (equivalent to 343 points) to 11,181 points, and recorded the highest level at 11,635 points and the lowest level at 11,177 points.

 

2022-06-29 06:08:11