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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Dow Drops 404 Points Ahead of Powell's Testimony

Red stock chart with large red arrow going lower.

Stocks opened in negative territory Tuesday and stayed there through the close. Another down day for mega-cap tech giant Apple (AAPL) created headwinds for the main indexes, as did anxiety ahead of Federal Reserve Chair Jerome Powell's two-day congressional testimony and Friday's jobs report.  

At the close, the Dow Jones Industrial Average was down 1% at 38,585, the S&P 500 was 1% lower at 5,078, and the Nasdaq Composite was off 1.7% at 15,939.

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