Dow slumps over 700 points, tumbles below 30,000 to lowest level in over a year

[ExpressLane]

US stock indexes opened sharply lower on Thursday, with growth shares taking the biggest hit, after the Federal Reserve's biggest interest rate hike since 1994 fanned recession worries.

The Dow Jones Industrial Average dropped 2.4%, or 730 points, falling below the 30,000 mark and to its lowest level in over a year. The S&P 500 slipped 2.7% while the Nasdaq Composite slid 2.8%.

The relief rally that followed the Fed’s decision on Wednesday evaporated, .....
https://economictimes.indiatimes.co...-in-more-than-a-year/articleshow/92257991.cms

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Thanks Brandon.

 

[Earl]

Biden did that.

 

[Celticguy]

you were warned.
we are a long way still from the bottom.
food shortages will be getting more significant.

 

[archives]

Inevitable, when you turn off the spigot the results come quick

Stop crying, it has been a bull market for over a decade

 

[ExpressLane]

Every penny of gains that Biden crowed about is gone.

 

[BartenderElite]

Good time to invest.

 

[dukkha]

Inevitable, when you turn off the spigot the results come quick

Stop crying, it has been a bull market for over a decade

so huge losses and a looming recession are what exactly???? karma??

 

[Life is Golden]

US has gone to hell in a hand basket. What is next? The gauntlet handoff from Carter to Brandon is complete.

 

[Hawkeye10]

US has gone to hell in a hand basket. What is next? The gauntlet handoff from Carter to Brandon is complete.

I was right.

AGAIN