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US Nasdaq index drops 500 points

US Nasdaq index drops 500 points

The US Nasdaq Composite Index fell today, Wednesday, by 511 points to retreat to 26,692 points, a decline of 1.88 percent.

The Dow Jones Industrial Average fell 47 points to reach 51,662 points, while the Standard & Poor's (S&P 500) index fell about 86 points to reach 7,719 points, a decline of 1.10 percent.

Furthermore, the price of US West Texas Intermediate crude rose by about a dollar, reaching 95.13 dollars per barrel.

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