U.S. indices traded sharply lower Wednesday following worse-than-expected retail earnings this week. Anticipation of further Fed policy tightening has continued to weigh on stocks across sectors.
- The Nasdaq composite finished lower by 4.7% to 11,418.15; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) lost 4.91% to $291.14
- The S&P 500 traded lower by 4.03% to 3,924; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) lost 4.01% to $391.86
- The Dow Jones composite finished lower by 3.5% to 31,490.07; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished lower by 3.53% at $315.55
