07/29/2026
Major Indexes Decline Sharply
US equity markets sold off broadly on Wednesday, weighed down by escalating geopolitical tensions in the Middle East, a divided Federal Reserve decision, and weakness in technology and semiconductor stocks.
The Dow Jones Industrial Average plunged -2.19%, or -1,153.18 points, to close at 51,610.9
The S&P 500 fell -1.52%, or -112.63 points, to 7,339.1
The Nasdaq Composite dropped -1.74%, or -433.97 points, to 24,577.4
All sectors except energy, communication services, and consumer staples declined, with industrials, financials, and utilities leading the losses.