The Dow and the S&P 500 closed lower on Thursday after economic data pointed at the steepest contraction of the US economy since the Great Depression in the second quarter. However, the Nasdaq closed in the green as investors braced for quarterly earnings reports from tech and e-commerce behemoths.
The Dow Jones Industrial Average (DJI) slid 225.92 points or 0.9%, to close at 26,313.65 and the S&P 500 fell 12.22 points or 0.4% to close at of 3,246.22. The Nasdaq Composite Index closed at 10,587.81, shedding 44.87 points or 0.4%. The fear-gauge CBOE Volatility Index (VIX) increased 2.7%, to close