The Dow Jones fell more than 600 points after weak economic data

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Thursday, September 29, 2022 - 19:24
Point Trader Group

US stock indices fell during trading Thursday, after the release of weak economic data that raised more concerns about the possibility of a recession in the US economy.

And the final reading of the US GDP recorded a contraction of 0.6% in the second quarter, in line with expectations.

But the number of jobless claims in America fell to 193 thousand last week, defying expectations of a rise to 215,000.

In terms of trading, the Dow Jones index fell at 14:19 GMT by 2%, or about 606 points, to 29,077 points, and the Nasdaq Composite index fell by 3.3%, or about 465 points, to 10,687 points, in When the S&P 500 fell 2.5%, or 96 points, to 3,623 points.


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