Dow tumbles toward record 3-day streak of 500-point declines

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The Dow Jones Industrial Average DJIA, -2.79% is tumbling 676 points, or 2.2%, in midday trading, and is about to make history with its point selloff, as surging inflation fuels recession fears. The Dow’s drop follows an 880.00-point drop on Friday and 638.11-point decline on Thursday. That would mark the first-ever three-day streak of declines of more than 500 points. There have been eight two-day streaks of 500+-point declines, including five since COVID-19 was a thing in early 2020. The Dow’s latest three-day total point loss of 2,194 points is the most since it lost 2,444.27 points during the three days ended June 11, 2020. And with the Dow down a total of 2,463 points amid a four-day losing streak, that’s the worst four-day point performance since it sank 2,645.45 points during the four-day stretch ended March 23, 2020, which included the only-ever two-day streak of 1,000-point declines (down 1,464.94 points on March 11 and down 2,352.60 on March 12).

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

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