Market roundup Sept. 23
SAN JUAN — The markets erased all gains recorded Tuesday as tech shares took another hit as investors worry about the uncertainty of additional stimulus from Congress and the Covid-19 pandemic.
On the stimulus side, Congress has not moved forward with a new package, and on the pandemic side, President Trump announced that the United States would not be implementing a second round of lockdowns.
The shares with the most considerable losses in tech were: Apple, with a 4.3% drop, followed by Netflix, which was down 4.2%, and Amazon’s 4.1% loss. Even Tesla, which announced increases in production and deliveries for the upcoming year, fell 10.3%.
On to markets.
- The Dow Jones Industrial Average closed at 26,763.13, down 525.05 points, or 1.9%.
- The Standard & Poor’s 500 Index closed at 3,236.92, down 78.65 points, or 2.4%.
- The NASDAQ Composite Index closed at 10,632.99, down 330.65 points, or 3.02%.
- The Birling Capital Puerto Rico Stock Index closed at 1,493.66, down 10.09 points, or 0.67%.
- The U.S. Treasury 10-year note closed flat, at 0.68%.
- The U.S. Treasury 2-year note closed flat, at 0.13%