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US Stocks Have Volatile Day

As Democrats eye Trump inquiry
By Newser Editors and Wire Services
Posted Sep 24, 2019 3:04 PM CDT
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Stock prices are displayed at the New York Stock Exchange, Wednesday, Sept. 18, 2019.   (AP Photo/Mark Lennihan)

(Newser) – Stocks had their most volatile day in a month Tuesday as a growing number of Democrats called for an impeachment inquiry into President Trump and a report showed a decline in consumer confidence, the AP reports. The S&P 500 fell 25 points, or 0.8%, to 2,966. The Dow Jones Industrial Average dropped 142 points to 26,807 after swinging between a gain of 130 points and a loss of 255 points. The Nasdaq dropped 118 points, or 1.5%, to 7,993. Chipmakers and internet stocks had steep losses. Advanced Micro Devices dropped 3.7% and Facebook fell 3%. House Democrats were meeting to discuss launching an impeachment inquiry following reports that Trump may have sought a foreign government's help in his reelection bid. Bonds rose. The yield on the 10-year Treasury fell to 1.64% from 1.70% Monday. (Read more stock market stories.)

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