S&P 500, Dow Jones down, Wall Street head for worst week since April; Check Telsa, JetBlue Airways shares in US Stock market

New York Stock Exchange, US stock market on Thursday witnessed another tepid day in trade as S&P 500 and Dow Jones both fell. Wall street in track for their worst week since April.

The S&P 500 slipped 0.3 per cent for a third straight drop, and the Dow Jones Industrial Average lost 219 points, or 0.5 per cent. The Nasdaq composite held up better than the rest of the market and added 0.3 per cent thanks to gains for Tesla and a handful of other Big Tech stocks.

The S&P 500 dipped 16.66 points to 5,503.41. The Dow dropped 219.22 to 40,755.75, and the Nasdaq composite rose 43.36 to 17,127.66.


Verizon’s stock slipped 0.4 per cent after it announced it’s buying Frontier Communications in a $20 billion deal to strengthen its fiber network. Frontier Communications, which soared nearly 38 per cent the day before, gave back 9.5 per cent.

On the winning end of Wall Street was Tesla. It rose 4.9 per cent after laying out a roadmap for upcoming artificial-intelligence developments, including the possibility of full self-driving in Europe and China.

JetBlue Airways flew 7.2 per cent higher after raising its forecast for revenue in the summer. It said it’s seeing better performance in the Latin America region particularly and that it picked up business when technology outages in July forced rivals to cancel flights.

FAQs

Q1. What are main indexes of Wall Street?
A1. S&P 500, Dow Jones Industrial Average, Nasdaq composite are main indexes.

Q2. How did Tesla shares perform?
A2. On the winning end of Wall Street was Tesla. It rose 4.9 per cent after laying out a roadmap for upcoming artificial-intelligence developments, including the possibility of full self-driving in Europe and China.