Stock market news live updates: May 24, 2022

Stock market news live updates: May 24, 2022

 

U.S. stocks stumbled Tuesday morning, placing the S&P 500 back on track toward a bear market as a streak of sharp selling resumed on Wall Street.

The S&P 500 fell 1%, and the Dow Jones Industrial Average shed 160 points, or 0.5%. The Nasdaq Composite declined 1.7% amid renewed pressure in technology on the heels of a disappointing outlook from social media platform Snap (SNAP) that sent shares of the company down 30%.

The moves extend a streak of sharp gyrations in equities following a brief…


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