Dow Slides More Than 500 Points In Worst Week Since October 2020



Stocks fell on Friday, with the Dow Jones Industrial Average posting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.

The blue-chip average dropped 533.37 points, or 1.6%, to 33,290.08. The S&P 500 slid 1.3% to 4,166.45. Both the Dow and S&P 500 hit their session lows in the final minutes of trading and closed around those levels. The Nasdaq Composite closed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.

For the week, the 30-stock Dow lost 3.5%. The S&P 500 and Nasdaq were down by 1.9% and 0.2%, respectively, week to date.

Read More

Leave a Reply


Texts Messages Reveal Hunter Biden’s Drug Use Got Him Banned From Legendary Luxury Hotel, Celebrity Hangout

Prosecutors Seek ‘Very Substantial’ Prison Time For Disgraced Attorney Michael Avenatti