The Stock Market Blew Its Biggest Lead Since 2022

  • August 7, 2024

The stock market blew its biggest lead since 2022 after a weak auction of 10-year Treasury notes gave traders the excuse they needed to take some profits. The Dow Jones Industrial Average fell 234 points, or 0.6%, after rising as much as 480 points this morning. The S&P 500 closed down 0.8% while the Nasdaq Composite dropped 1.1%.