Published 3 years ago • loading... • Updated 3 years ago

Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

Summary by Ground News

Investors are calling for a three-quarter-point rate hike at the conclusion of the Fed's June meeting. The Dow shed more than 1164 points, or 3.6%, its biggest loss since 2020. The broader market lost 4%, putting the S&P 500 on the precipice of bear market territory. The Fed could hike rates to 5% by the time it ends the current bout of tightening.

35 Articles

All

Left

Center

Right

CBS58

Dow tumbles 1,160 points in worst trading day since June 2020

By Nicole Goodkind, CNN Business (CNN) -- The old joke goes like this: Two friends are at a resort and one says, "The food here is really terrible." The other replies, "And the portions are so sm

3 years ago

Read Full Article

WREX

Dow tumbles 1,160 points in worst trading day since June 2020

The old joke goes like this: Two friends are at a resort and one says, "The food here is really terrible." The other replies, "And the portions are so small!"

3 years ago

Read Full Article

People's Daily

Dow sinks over 1,100 points in worst day since 2020 - People's Daily Online

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, the United States,

3 years ago·China

Read Full Article

Xinhua

Dow sinks over 1,100 points in worst day since 2020

3 years ago·China

Read Full Article

The Star Kuala Lumpur

Dow sinks over 1,100 points in worst day since 2020

NEW YORK, May 18 (Xinhua) -- U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation. Read full story

3 years ago·Malaysia

Read Full Article

The Blaze

Stock market crashes in worst day since pandemic over fears of a recession

The stock market crashed in the worst day since the pandemic outbreak in 2020 over fears that the economy was heading into a recession after several companies reported weak earnings. The Dow Jones industrial average lost 1,136 points, or 3.5%, while the S&P; 500 dropped by 4% and the Nasdaq comp...

3 years ago·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year