Dow plunges to nearly two-year low ...News

Economy by : (Russia Today) -
The S&P 500 fell to its lowest level this year, while the Nasdaq is down 20% since March The Dow Jones Industrial Average plummeted to its lowest point in nearly two years on Friday, falling 2.5% to 29,335 in afternoon trading, with every component stock seeing a decline. The index has lost over 13.7% of its value since the Federal Reserve began raising interest rates in March in an effort to rein in runaway inflation. The S&P 500 also took a nosedive, dropping to its lowest point of the year at 3,667, a decline of more than 15% since March. The Nasdaq fell to 10,847, down 20% since March.  The market-wide drop ca

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