Market Snapshot: Dow falls 400 points as Fed decision looms, labor market slows, and debt ceiling weighs

by | May 2, 2023 | Stock Market

U.S. stocks were sharply lower Tuesday under the weight of tumbling regional bank and energy shares, while weaker job market data pointed to a slowing economy ahead of a Federal Reserve interest rate decision Wednesday and an early June deadline for raising the debt ceiling. How stocks are trading On Monday, the Dow Jones Industrial Average fell 46 points, or 0.14%, to 34052, the S&P 500 declined 2 points, or 0.04%, to 4168, and the Nasdaq Composite dropped 14 points, or 0.11%, to 12213.What’s driving markets…

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