The Dow Jones industrial average plunged 2.54 percent – closing down 666 points – Friday and suffering its worst week in two years as concerns over rising interest rates and inflation from an overheated economy caused a long-feared sell-off.
It was the worst day for stocks since President Donald Trump took office. The retreat was a reversal from the bullish sentiment that has defined the markets for most of the past year. The stock market has been on a historic nine-year bull run.
While the point swing was eye-popping, in terms of the percent of the loss in a market that saw the Dow crash downward through 26,000, the decline did not appear to alarm many investors.
The Dow Jones industrial average suffered its biggest one-day point drop in history, plunging 1,175 points on Monday and giving back all its 2018 gains as a flash-crash-style drop intensified a free fall in…
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