Dow Jones index drops for fourth session this week, on track to post nearly 4.5% reversal from late March highs near 40,000.
JPMorgan leads losses as quarterly earnings failed to meet expectations. News that China has told tech firms to phase out foreign chips hammers chipmakers. The Dow Jones Industrial Average is reversing Thursday’s gains on a negative session opening on Friday. The quarterly earnings of some of the largest US banks have failed to cheer investors, who are already feeling frail sentiment on lower hopes of monetary easing by the Federal Reserve .
At first, the Nasdaq only provided quotations for over-the-counter stocks but later it became an exchange too. By 1991, the Nasdaq had grown to account for 46% of the entire US securities’ market. In 1998, it became the first stock exchange in the US to provide online trading. The Nasdaq also produces several indices, the most comprehensive of which is the Nasdaq Composite representing all 2,500-plus stocks on the Nasdaq, and the Nasdaq 100.
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