Published 4 years ago • loading... • Updated 4 years ago
Stocks tumble sharply on Wall Street amid worries about rates, economy
Summary by Ground News
The S&P 500 falls 2.2% in early afternoon trading. The Dow Jones Industrial Average is nearly 20% below its record set early this year. The Federal Reserve and other central banks hiked interest rates this week. But such moves also put the brakes on their economies, threatening recessions.