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Wall Street Slumps at the Close, Biotech Pulls Nasdaq Lower

July 22, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks gave back all gains in the final minutes of Monday’s session, resistant to move higher even as a dive in the U.S. dollar corralled crude oil prices higher. The Dow Jones Industrial fell 11 points, while the S&P 500 slid 0.17%. The Nasdaq closed down 0.3%. The dollar continued its slide, falling further from 12-year highs against a number of other currencies. That helped boost crude oil with West Texas Intermediate recapturing a level above $47 a barrel. Gains in Pfizer and McDonald’s shares helped to limit losses on the Dow. Both blue-chips gained more than 1% each over Monday’s session.

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