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.Published 11 months ago · New York, United States
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