(REPEAT) New York Stock Exchange: The Dow closed down 939.18 points.

The Dow Jones Industrial Average closed more than 900 points on Friday (April 29), the worst daily decline since 2020, as investors were disappointed with the earnings release of some listed companies. and worried regarding accelerating interest rate hikes After inflation in the United States was the highest since 2005.

The Dow Jones Industrial Average closed at 32,977.21, down 939.18, or -2.77%, the S&P 500 closed at 4,131.93, down 155.57, or -3.63%, and the Nasdaq closed at 12,334.64, down 536.89, or -4.17%.

The S&P 500 lost its biggest single-day drop since June. 2020 and the Nasdaq is its biggest drop since September. 2020 and in this week The Dow was down 2.5 percent, the S&P500 was down 3.3 percent and the Nasdaq was down 3.9 percent.

The Nasdaq fell regarding 13 percent in April, its worst monthly decline since the 2008 global financial crisis.

The S&P 500 is down 13 percent so far this year, its worst four-month decline since 1932.

All 11 stocks in the S&P500 fell, led by luxury goods 5.9 percent and industrial 4.9 percent.

Disclosure of weak earnings outlook of listed companies and concerns that the US Federal Reserve (Fed) will aggressively tighten monetary policy It has hit major stocks in the tech and growth sectors this month.

The Fed will hold a monetary policy meeting on May 3-4, which traders expect. The Fed will raise interest rates by 0.50% to curb rising inflation.

Amazon.com fell 14.05 percent, its biggest single-day drop since 2006, bringing its share price to its lowest level in nearly two years following Amazon released disappointing results and outlook. due to the impact of rising costs

Shares of Apple Inc., the world’s most valuable, fell 3.66 percent following a disappointing earnings outlook overshadowed record quarterly profit and sales.

Exxon Mobil Corp. fell 2.24 percent following it cut its book value by $3.4 billion on a divestiture from Russia.

Chevron Corp shares fell 3.16 percent following it reported lower-than-expected quarterly profit.

The market is also pressured by the release of economic data. The US Department of Commerce said that The general personal consumption expenditure (PCE) price index, which includes food and energy, jumped 0.9% in March from 0.5% in February.

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