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NASDAQ tumbles. Dow higher but gives up most of its gains

September 16, 2020 by admin 0 Comments

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Dow is up 396 points at session high

The US stock markets rolled over into the close with the Nasdaq leading the declines. The S&P winning streak of 3 days was snapped. The Dow closed higher but gave up nearly all of its close to 400 point gain at the session highs.

The final numbers are showing:

S&P index -15.71 points or -0.46% at 3385.49
NASDAQ index -139.85 points or -1.25% at 11050.40
Dow up 36.78 points or 0.13% at 28032.38.

The big news today – in stocks that is – was a couple of IPOs.

JFrog was priced at $44 a share and closed at $64.79 after trading as high as $77.

The other was snowflake which was priced at $120 a share and closed at $253.93. It traded as high as $319. Snowflake was the largest ever software IPO.

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This article was originally published by Forexlive.com. Read the original article here.