Dow drops more than 650 points, logs worst week in two years
U.S. stocks fell sharply Friday, with the Dow Jones Industrial Average dropping by more than 650 points. The decline sent the Dow below the level of 26,000, which it had just broken through for the first time two-and-a-half weeks ago.
Some analysts say the drop was caused by strong economic data, leading to expectations that the Fed could raise interest rates more than had been anticipated.
Source: NBC News
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