Stock Market Today: Dow skids 850 points
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The stock market loves climbing a wall of worry. We've certainly seen that over the past two months. Despite worry over mounting US debt and tariff impacts on inflation and the economy, the S&P 500 has rallied 20%.
Chime, a digital bank popular with younger customers, is the latest tech firm to go public. The stock will begin trading Thursday under the ticker symbol CHYM.
US stocks fall on Israel-Iran worries, with Dow down xxx pts. Oil rises on supply worry. Gold hit a record high and US dollar rises on flee to safety.
Intel (NASDAQ: INTC) stock saw a day of big sell-offs in Wednesday's daily session. The chip company's share price closed out the day down 6.3% due to concerns that competitive pressures are mounting.
“Vera Bradley has struggled with sales growth and declining earnings. The stock price has been in general decline since 2014,” he said through email. “Although Vera Bradley manufacturing is mainly in China, President Trump’s tariff independence day announcement did not seem to pile on to an already low price for the stock.”
U.S. equities ended the week in the red as escalating geopolitical tensions between Israel and Iran unsettled markets. On Friday, the S&P 500 fell 1.1%, the Dow dropped 770 points (1.8%), and the Nasdaq slid 1.
Apple's (NASDAQ: AAPL) stock price has shot up 14,760% in the past 20 years thanks to the budding popularity of its hardware devices and software solutions that have won over consumers across the globe. Even in the past five years, investors have been rewarded with a 150% gain (as of June 4).