Epic US Markets Update

The US markets kicked off May on a weak note, with major indices dropping nearly 1 percent across the board, as a batch of weaker-than-expected economic data overshadowed the Federal Reserve’s plan to maintain its stimulus program. The CBOE volatility index jumped above 14.
The Dow Jones industrial average lost 138.85 points to close at 14,700.95. The Standard & Poor’s 500 Index dropped 14.87 points to 1,582.70. The Nasdaq Composite Index declined 29.66 points to 3,299.13.

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