US Stock Market Today: Dow Jones crashes over 400 pts, Nasdaq below 17,450—NVIDIA, IBM drop 2%

US Stock Market Close (March 18), Dow Jones, S&P 500, Nasdaq: US equity benchmarks Dow Jones Industrial Avearge (DJIA), S&P 500 and Nadsaq Composite suffered sharp losses on Tuesday as investors awaited the outcome of a key Fed meeting due during the next trading session. Selling presusre in communications services, consumer discretionary and technology stocks weighed on the indices, though buying interest in energy shares lent some support. Investors also awaited key data on trade and factory output in the world's largest econony due later on Tuesday for cues. 

The DJIA fell as much as 426.2 points, or 1.0 per cent, to hit 41,415.4 on the downside, while the S&P 500 gave up 77.4 points, or 1.4 per cent, to 5,597.8 while the American technology stocks-heavy Nasdaq Composite slipped to as low as 17,431.7, down 377 points, or 2.1 per cent, from its previous close. 

Among index heavyweights, stocks like NVIDIA and IBM were among the top losers. NVIDIA shares were down 2.4 per cent at $116.7 apiece while the IBM stock was down 2.0 per cent at $248 apiece at the last count.  

Growing concerns about US President Donald Trump’s aggressive stance and action on the trade front, and retaliatory action by America’s major trade partners coming in the way of economic growth kept investors on the back foot.

US Stock Market on Tuesday, March 18 | Here is how Dow Jones, S&P 500 & Nasdaq fared

At 2:40 pm Eastern Time on Tuesday, (12:10 am on Wednesday in India), this is where the main American indices stood:

• DJIA: down 252.2 points, or 0.6 per cent, at 41,589.5 
• S&P 500: down 59.5 points, or 1.1 per cent, at 5,615.7
• Nasdaq Composite: down 289.4 points, or 1.6 per cent, at 17,519.3
• Russell 2000: down 17.9 points, or 0.9 per cent, at 2,050.4 

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Top Dow Gainers vs Losers

Barring seven stocks, all Dow constituents were in the red zone.

Now, let's take a look at some of the top gainers and losers in the tech stocks-driven Nasdaq basket. 

Top Nasdaq Gainers vs Losers

Here’s how some of the prominent names fared:

With inputs from agencies

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