The S&P 500 and the Dow fell sharply on Wednesday after planemaker Boeing reported a record annual loss, while declines on the Nasdaq were offset by upbeat results from Microsoft. Declines were across the board in early trading, with 10 of the 11 major S&P 500 sectors in negative territory. The CBOE Market Volatility index, often used as a gauge for investor anxiety, rose 5.63 points, hitting its highest since Jan 4. The Dow Jones Industrial Average fell 575.3 points, or 1.86%, at the open to 30,361.35. The S&P 500 fell 65.8 points, or 1.70%, at the open to 3,784.35, while the Nasdaq Composite dropped 262.5 points, or 1.93%, to 13,363.49 at the opening bell.

Source: Mint January 27, 2021 14:53 UTC