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U.S. Markets Close Holiday Week Deep in the Red as Volatility Persists

Major indices tumbled further, with corporate earnings shocks and trade policy uncertainty amplifying investor concerns.

Wall Street Schriftzug, Mesnchen im Regen, New York, USA
Sendungsbild
Börsenhändler an der New York Stock Exchange.

Overview

  • The Dow Jones dropped over 500 points on April 18, capping a week of significant losses across major U.S. indices.
  • The S&P 500 fell 1.5%, while the Dow and Nasdaq each declined by more than 2% during the holiday-shortened trading week.
  • UnitedHealth's stock plunged 22% following a disappointing quarterly earnings report, marking one of the steepest individual declines.
  • Nvidia faced a $5.5 billion charge due to tightened U.S. export controls on AI chips to China, further pressuring its stock.
  • Eli Lilly provided a rare bright spot, with its shares surging 14% after releasing promising results for a new weight-loss drug.