The Nasdaq Composite closed 0.45% higher at 11,188.84 points. The S&P 500 ended down 0.15%, to end at 3,855.76 after falling as much as 1.37% at one point. The 30-stock index, which posted its fifth straight day of declines with Monday's session, was able to pare losses after dropping more than 284 points earlier in the session. The Dow Jones Industrial Average lost 90.50 points, or 0.28%, to close at 31,819.14. ![]() The losses were contained as some investors bet the financial shock could cause the Federal Reserve to pause interest rate hikes. The Dow Jones Industrial Average dropped on Monday as a plan to backstop all the depositors in failed Silicon Valley Bank, along with other extraordinary measures, failed to boost bank shares. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower It's a joint venture between S&P Global, the controlling member, and the CME Group.Best Debt Consolidation Loans for Bad Credit In 2012, the Dow Jones Indexes were bought by S&P Dow Jones Indices LLC. The index was created by Charles Dow, the founder of the Wall Street Journal in 1896 to serve as a proxy for the broader US economy.The value of the index is the sum of the price of one share of stock for each component company divided by a factor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.It is the second-oldest US market index after the Dow Jones Transportation Average. The DJIA is a price-weighted index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange (NYSE) and the Nasdaq. The Dow Jones Industrial Average (DJIA), or simply known as “Dow”, is a widely-watched benchmark index in the US for blue chip stocks. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). This content is authored by an external agency. It's a joint venture between S&P Global, the controlling member, and the CME Group. ![]() Read More The Dow Jones Industrial Average (DJIA), or simply known as “Dow”, is a widely-watched benchmark index in the US for blue chip stocks. The DJIA is a price-weighted index that tracks 30 large, publicly-owned compa.
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