The Dow plunges 500 points as jobless claims rise, killing hopes for interest rate cuts ...Middle East

A day afterrallying due to the Fed’s softened tone on interest rates, stocks plummeted again on Thursday as unemployment is growing faster than expected. The Dow Jones Industrial Average shed over 500 points, or 1.2%, to 40,342. The Nasdaq dropped 1.7%, while the S&P 500 lost 1.1%.Read more...

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