A trader works on the New York Stock Exchange on August 4, 2022.
Source: NYSE
The S&P 500 index fell on Monday. It went down by 0.4%. The Dow Jones lost 194 points, which is a drop of 0.5%. The Nasdaq Composite fell by 0.7%. Nvidia’s stock dropped more than 4%, which hurt the Nasdaq.
Last week, the three main indexes lost value in February. The Dow and S&P 500 went down more than 1%. The Nasdaq Composite had its worst month since April 2024, falling 4%.
New data about the manufacturing and construction sectors showed weak results. This news worried investors about the U.S. economy. A job report is coming on Friday.
President Trump’s plans for new tariffs are also causing concern. These tariffs could raise inflation. Commerce Secretary Howard Lutnick said the exact tariff rates are not final yet.
In other news, Bitcoin prices went up after Trump announced a plan for a U.S. crypto reserve.
Vocabulary List:
- Index /ˈɪn.dɛks/ (noun): A statistical measure of change in an economy or a securities market.
- Tariffs /ˈtær.ɪf/ (noun): Taxes imposed by a government on imported goods.
- Inflation /ɪnˈfleɪ.ʃən/ (noun): The rate at which the general level of prices for goods and services is rising.
- Manufacturing /ˌmæn.jʊˈfæk.tʃər.ɪŋ/ (noun): The process of producing goods using labor and machines.
- Composite /kəmˈpɒz.ɪt/ (adjective): Made up of various parts or elements.
- Concern /kənˈsɜrn/ (noun): A matter of interest or importance.
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