Dow Jones, Nasdaq and S&P 500 continue losing streak All three major US stock market indices continued their downward slide on Monday, amid growing expectations of significant rate hikes from the Federal Reserve and an emerging consensus of economists that the country was entering a recession. The Dow Jones Industrial Average closed at 30,516.74 for a drop of almost 900 points, or 2.79% from the morning’s open. At one point, shortly before closing, the index of blue-chip securities was down more than 1,000 points. The Nasdaq Composite took a similar beating, closing at 10,809.23 and down 530.80 points, or 4.68%.
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