Dow plunges almost 900 points as stock-market losses accelerate in final hour of trading


Losses in the U.S. stock market have steepened in the final hour of trading on Friday, with the Dow Jones Industrial Average DJIA, -3.03% down more than 880 points as investors digest hawkish remarks made by Federal Reserve Chair Jerome Powell this morning at the Jackson Hole economic symposium. The Dow was down around 2.7% in late afternoon trading, while the S&P 500 SPX, -3.37% dropped about 3% and the tech-heavy Nasdaq Composite COMP, -3.94% plunged 3.5%, according to FactSet data, at last check. All 11 of the S&P 500’s sectors were down, with information technology suffering the steepest losses with a slide of about 3.8%.

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