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
MBFC relies entirely on readers like you.
No corporate or political donors. Your support keeps our 11,000+ ratings 100% independent.
- Remove all ads instantly
- Support independent ratings
- Cancel any time — no strings
Left vs. Right Bias: How we rate the bias of media sources