Home ›› 11 Nov 2022 ›› Stock
Wall Street stocks tumbled Wednesday, with the Dow dropping nearly 650 points, as markets digested US election results and monitored upheaval in the cryptocurrency market.
After three straight positive sessions, stocks were in the red the whole session after US midterm elections.
Analysts said divided control of Washington -- a scenario generally favourable to stocks -- still appeared likely, even though Republican gains were smaller than expected.
The declines in equities came amid anxiety ahead of Thursday’s pivotal consumer price report and as a big drop in bitcoin and other digital currencies raised worries about margin calls.
