Stock Market Has Its Worst Week in 2 Years as Dow Jones Falls More Than 600 Points
The stock market closed sharply lower, extending a weeklong slide, as the Dow Jones industrial average plunged more than 600 points.
Stocks ended their worst week in two years Friday, and the Dow’s drop was its biggest in percentage terms since June 2016.
Bond yields rose sharply after the government reported the fastest wage growth in eight years, stoking fears of inflation.
The Dow fell 665 points, or 2.5 percent, to 25,520.
The Standard & Poor’s 500 index dropped 59 points, or 2.1 percent, to 2,762. The S&P is down almost 4 percent since hitting a record high a week ago.
The Nasdaq fell 144 points, or 2 percent, to 7,240.
Fonte/Source: Business – TIME