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Benzinga
Benzinga
Business
Henry Khederian

Netflix And Sirius XM Lead The Nasdaq Sharply Lower

Nasdaq James Bullard St. Louis Fed United States

U.S. indices were trading lower Thursday following comments from St. Louis Fed President James Bullard indicating he favors a 1% rate increase by July 1. Investors also continue to react to worse-than-expected inflation data from earlier in the trading session.

  • The Nasdaq composite fell by 2.1% to 14,185; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) fell by 2.3% to $358.43
  • The S&P 500 composite finished lower by 1.8% to 4,504; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) lost 1.8% % to $449.32
  • The Dow Jones composite fell 1.7% to 11,726; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished lower by 1.4% to $352.55 
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