Wall Street Plunges: Dow reels from record points fall
- 6 years ago
Deep in the red,...
Stocks on Wall Street plunged on Monday,... continuing their huge fall from Friday,... as a pullback from record highs deepened... and investors grappled with rising bond yields and possibly firming inflation.
Analysts say the market's unease was potentially linked to the new Federal Reserve Chair Jerome Powell... as fears that rising wages and higher inflation could prompt the Fed to raise rates more quickly than market expectations.
The Dow Jones tumbled nearly 16-hundred points at its lowest point,... the biggest intraday point drop in history,... before closing 1,175-points lower, or 4-point-6 percent at 24,345-point-7.
The Dow's slide was the worst single day drop in points since the financial crisis in 2008.
The S&P 500 also tumbled over four percent to 2,649,... and the Nasdaq dropped nearly four percent to 6,967.
The shockwave is being felt in Korea this morning too.
The benchmark KOSPI opened the day two percent down,... and the secondary tech-heavy KOSDAQ, down over four-percent at 821-point-2.
Stocks on Wall Street plunged on Monday,... continuing their huge fall from Friday,... as a pullback from record highs deepened... and investors grappled with rising bond yields and possibly firming inflation.
Analysts say the market's unease was potentially linked to the new Federal Reserve Chair Jerome Powell... as fears that rising wages and higher inflation could prompt the Fed to raise rates more quickly than market expectations.
The Dow Jones tumbled nearly 16-hundred points at its lowest point,... the biggest intraday point drop in history,... before closing 1,175-points lower, or 4-point-6 percent at 24,345-point-7.
The Dow's slide was the worst single day drop in points since the financial crisis in 2008.
The S&P 500 also tumbled over four percent to 2,649,... and the Nasdaq dropped nearly four percent to 6,967.
The shockwave is being felt in Korea this morning too.
The benchmark KOSPI opened the day two percent down,... and the secondary tech-heavy KOSDAQ, down over four-percent at 821-point-2.