Tuesday, April 4, 2023

Stocks slide on weak economic data, gold hits $2,022

  • Stocks slide on weak economic data, gold hits $2,022

    The S&P 500, Dow Jones Industrial Average and Nasdaq Composite closed lower across the board after a pullback in job openings, a drop in factory orders and a warning from JPMorgan CEO Jamie Dimon on the banking crisis. Industrial and energy stocks led the selling, while utilities notched modest gains. Investors fled to the safety of gold which registered its fifth highest close in history. Oil gained 0.3% to $80.71 per barrel.

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