The Dow Jones Industrial Average is taking a massive beating this week with the index falling 1,000 points over the last three days.
That’s significant movement for the index and there are several factors behind that fall. Let’s get into that below!
Why Did the Dow Jones Index Fall?
- One of the catalysts pulling down the Dow Jones is lackluster guidance from Salesforce (NYSE:CRM) in its latest earnings report as well as a revenue miss.
- Another reason for the index’s decline is the latest gross domestic product (GDP) coming in at 1.3% in the first quarter, as compared to the estimated 1.6% previously estimated.
- Investors are also worried about what’s coming in the personal consumption expenditures (PCE) index as it could affect the Federal Reserve’s plans to lower interest rates.
- One last piece of news that could be causing volatility in the market and pulling down the Dow Jones index is former President Donald Trump being found guilty in a recent trial.
All of these factors could continue to weigh on the stock market and the Dow Jones depending on how the economy goes. More earnings data from other companies could also be a catalyst for stock market movement.
Investors seeking out even more of the most recent stock market stories on Friday are going to want to keep reading!
We have all of the hottest stock market news that traders need to know about today! A few examples include what’s happening with shares of Nvidia (NASDAQ:NVDA) stock, a new round of Tesla (NASDAQ:TSLA) recalls and more. All of this news is available at the following links!
More Stock Market News for Friday
- NVDA Stock Alert: Nvidia Faces New Restrictions on Sales to Middle East
- Tesla Recalls 2024: More Than 125,000 Vehicles Recalled for Seatbelt Issues
- Why Is Novo Integrated Sciences (NVOS) Stock Up 139% Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
