Stock market news live updates: Stocks plunge after Wednesday's rally
U.S. stocks plunged Thursday morning as December's sell-off resumed after a rally in the previous session that failed to hold ground.
The S&P 500 (^GSPC) tanked 1.7% shortly after the open, while the Dow Jones Industrial Average (^DJI) shed nearly 450 points, or 1.4%. The technology-heavy Nasdaq Composite (^IXIC) tumbled 2.4% toward 2022 lows.
“All that reversing a created year in 2022 where there was really a pullback. As a result, we expect 2023 to be a recalibration to what we consider normal times.”
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