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What Happened in the Stock Market Today

DATE POSTED:October 10, 2018

Stocks plunged Wednesday as investors grew concerned over rising interest rates and hints of a pickup in inflation. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) both opened lower and declined through the session. The technology-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 4.1%.

Data source: Yahoo! Finance.

All sectors of the market fell, with technology and energy stocks being hit the hardest. The Technology Select Sector SPDR ETF (NYSEMKT: XLK) tumbled 4.9% and the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEMKT: XOP) closed down 4.6%. 

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