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 Dow closes down nearly 1,200 points after plunging more than 1,500 points in volatile trading

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PostSubject: Dow closes down nearly 1,200 points after plunging more than 1,500 points in volatile trading   Mon Feb 05, 2018 5:04 pm

The Dow Jones industrial average plunged a heart-stopping 1,500 points in afternoon trading on Monday before gaining back some ground. It finished down 1,175 points, landing at 24,342, or off 4.6 percent as volatility returned to the stock market with a vengeance after a year of rare tranquility.



The Dow has swung more than 2,100 points in the last two sessions, a decline pushing more than 8 percent and shattering long-term momentum. The index gave up 500 points in a matter of minutes Monday afternoon as Wall Street wags tried to decode events.

One of the big worries is that the Federal Reserve, under new chairman Jerome Powell who was officially sworn in Monday, will accelerate interest rate hikes and slow the economy. A slowing economy would likely turn the bull market toward bearish.

https://www.washingtonpost.com/business/economy/dow-drops-more-than-300-at-opening-extending-fridays-losses/2018/02/05/624f72c6-0a80-11e8-8890-372e2047c935_story.html?utm_term=.96ddf6925df6
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Dow closes down nearly 1,200 points after plunging more than 1,500 points in volatile trading

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