Wall Street pulls back after big rally, Dow finishes down 293 | TahoeDailyTribune.com
YOUR AD HERE »

Wall Street pulls back after big rally, Dow finishes down 293

Tim Paradis, Associated Press Writer

NEW YORK (AP) ” Stocks have pulled back sharply, erasing most of Wall Street’s day-old gains, as investors worry about whether commodity prices have risen too quickly.

The pullback Wednesday comes after a huge rally Tuesday, and some retrenchment was to be expected. But the decline also reflects investors’ continuing uneasiness about the world’s financial system and the U.S. economy.

The Dow has finished the day down about 293 points at the 12,099 level, according to preliminary calculations.


Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User