The Dow Jones Industrial Average tumbled 124.80 points to end at 13,074.75 Wednesday as investors weighed the implications of the Fed’s latest policy meeting and cast a wary eye toward Europe.
Techs were roughed up, too, as the Nasdaq shed 45.48 points to finish at 3,068.09 while the S&P 500 lopped off 14.42 points to close at 1,398.96.
In economic news, private employers added 209,000 jobs last month, according to the ADP National Employment Report—slightly better than the 200,000 new jobs most pundits had forecast.
Meanwhile, the Institute for Supply Management's non-manufacturing index rose at a slower-than-expected rate in March to 56.0, below the 57.0 consensus estimate.
Here are some more details from Wednesday’s trading session:
Dow Jones Industrial Average:
- Second largest points and percentage drop this year.
- Largest one-day points and percentage decline since March 06, 2012.
- Down two consecutive trading days.
- Down 189.74 points, or 1.43%, over the two-day period.
- Largest two-day points and percentage decline since March 06, 2012.
- Lowest closing value since March 22, 2012.
- An intraday high of 13198.19 occurred at 09:30:00 today.
- An intraday low of 13020.86 occurred at 11:00:01 today, representing a decrease of 178.69 points, or 1.35%.
- Four of the 30 component stocks rose, 26 fell.
- Today's five best performing stocks in the index: MRK (1.51), PG (1.29), T (1.06), CAT (0.38), TRV (-0.45).
- Today's bottom five laggards: IBM (-26.11), MCD (-14.53), CVX (-11.66), AXP (-7.72), JPM (-7.64).
- Down 7.69% from its record close of 14164.53 on October 09, 2007.
- Up 99.70% from its 12-year closing low of 6547.05 on March 9, 2009.
- Up 5.21% from 52 weeks ago.
- Up 5.78% from its 2012 closing low of 12359.92 on January 06, 2012.
- Down 1.43% from its 52-week high of 13264.49 on April 02, 2012.
- Up 22.71% from its 52-week low of 10655.30 on October 03, 2011.
- Year-to-date: up 7.02%.
Dow Jones U.S. Total Stock Market Index:
- Dow Jones U.S. Total Stock Market, 14523.33*, down 162.98 points, or 1.11%, or approximately $190 billion in market capitalization.
- Largest one-day points and percentage decline since March 06, 2012.
- Down two consecutive trading days and five of the last seven.
- Down 216.82 points, or 1.47%, over the two-day period.
- Largest two-day points and percentage decline since March 06, 2012.
- Lowest closing value since March 22, 2012.
- Down 7.76% (approximately $2.3 trillion in market cap), from its record close of 15745.39 on October 09, 2007.
- Up 113.58% (approximately $8.9 trillion in market cap), from the 12-½ year closing low of 6800.08 on March 9, 2009.
- Up 3.58% from 52 weeks ago.
- Up 9.97% from its 2012 closing low of 13206.64 on January 04, 2012.
- Down 1.47% from its 52-week high of 14740.15, on April 02, 2012.
- Up 28.54% from its 52-week low of 11299.07 on October 03, 2011.
- Year-to-date: up 11.55%, or approximately $1.7 trillion in market cap.
Data courtesy of Dow Jones Indexes.
