US stocks close August 20: Dow sheds over 700 points as Walmart earnings disappoint
US benchmarks fell across the board on August 20: the Dow Jones Industrial Average dropped 703.84 points (about 1.32%) to close at 52,759.21; the S&P 500 fell 0.87% to 7,641.16; the Nasdaq Composite fell about 1% to 26,067.17. The selloff came even after the US Treasury Department said it would expand buybacks of 10-, 20-, and 30-year debt — Treasury yields rose anyway, with the 30-year yield up 6 basis points to 5.25% and the 10-year yield climbing above 4.70%. Walmart shares plunged about 9% after disappointing earnings, the single biggest drag on the Dow, while President Trump's comment about launching a "crushing economic operation" against Iran pushed oil prices higher and added further pressure on markets. For the week, the S&P 500 was down 1.9% and the Nasdaq off 2.5%, putting both indexes on pace to snap a three-week winning streak.
Verification note: Closing figures compiled from CNBC, TheStreet, and Yahoo Finance, cross-checked for consistency; check NYSE/Nasdaq official data for the formal close. This item states market figures only, not investment advice or a forecast.