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

0
18

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%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleDow skids 750 points, putting it on pace for worst daily drop since mid-June
Next articleDow ends down 1,000 points after Powell warns of pain for U.S. economy

LEAVE A REPLY

Please enter your comment!
Please enter your name here