Dow drops more than 650 points, logs worst week in two years

Share:

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

Left vs. Right Bias: How we rate the bias of media sources



Subscribe With Email

Enter your email address to subscribe to MBFC and receive notifications of new posts by email.

Join 19,677 other subscribers


0 0 vote
Article Rating

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments