Today was another busy day in the stock market that brought lots of red as well as big cryptocurrency gains. So what all did the stock market do today?
- The S&P 500 closed lower by .67%
- The Dow Jones Industrial Average closed higher by .06%
- The Nasdaq Composite closed lower by 1.88%
So what else did the stock market do today? Here are some of the top stories.
What Did the Stock Market Do Today? Tech Stocks Suffered.
The major indices opened in the red, and that pain continued throughout the trading day.
Importantly, the Nasdaq Composite lead the way down, posting one of its worst days since March. As InvestorPlace contributor William White highlighted, there were a variety of reasons for this decline. One comes from Treasury Secretary Janet Yellen, who warned that interest rates may have to rise. Yellen said this on Monday, in the context of the potential for an overheating economy.