New York: The major stock indices on Wall Street closed sharply lower at the end of the trading session. The Standard and Poor's 500 index fell 68.92 points, or 1.14 percent, to close at 5,976.34, while the Nasdaq Composite index fell 254.13 points, or 1.29 percent, to 19,407.49. The Dow Jones Industrial Average fell 768.73 points, or 1.79 percent, to close at 42,198.89.
According to Yemen News Agency, the decline in these indices reflects a challenging day for investors as economic concerns weighed on market sentiment. The drop in the Dow Jones Industrial Average, Standard and Poor's 500, and Nasdaq Composite highlights the volatility currently characterizing the stock market.