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How major US stock indexes fared Tuesday, 10/03/2023

The Associated Press
October 3, 2023 at 8:24PM

Wall Street tumbled as it focused on the downside of a surprisingly strong job market.

The S&P 500 lost 1.4% Tuesday. The Dow fell 430 points and wiped out the last of its gains for the year so far. The Nasdaq composite led the market lower with a 1.9% drop as Big Tech stocks were among the market's biggest losers.

Stocks fell after a report showed U.S. employers have many more job openings than expected. That raised expectations for interest rates to stay high, and the 10-year Treasury yield hit its highest level since 2007.

On Tuesday:

The S&P 500 fell 58.94 points, or 1.4%, to 4,229.45.

The Dow Jones Industrial Average fell 430.97 points, or 1.3%, to 33,002.38.

The Nasdaq composite fell 248.31 points, or 1.9%, to 13,059.47

The Russell 2000 index of smaller companies fell 29.66 points, or 1.7% to 1,727.15.

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For the week:

The S&P 500 is down 58.60 points, or 1.4%.

The Dow is down 505.12 points, or 1.5%.

The Nasdaq is down 159.86 points, or 1.2%

The Russell 2000 is down 57.95 points, or 3.2%.

For the year:

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The S&P 500 is up 389.95 points, or 10.2%.

The Dow is down 144.87 points, or 0.4%.

The Nasdaq is up 2,592.98 points, or 24.8%

The Russell 2000 is down 34.09 points, or 1.9%.

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The Charging Bull sculpture by Arturo Di Modica, in New York's Financial District, is shown in this photo, Wednesday, Feb. 7, 2018. The current bull market is set to turn nine years old in about a month. As of Jan. 26, the date of the last market record, the S&P 500 had more than quadrupled over that time. The market had made big gains over the last year, and many experts felt stocks were overdue for a slump. (AP Photo/Richard Drew)
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