By Krystal Hur, CNN New York (CNN) — Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high. The Dow slid 566 points, or 1.4% by midday Thursday. The S&P 500 lost 1.3% and the Nasdaq Composite fell 2%.
By Krystal Hur, CNN New York (CNN) — Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high. The Dow slid by 496 points, or 1.2%, after plunging more than 700 points earlier in the session. The S&P 500 lost 1.4% and the
The Dow plummeted more than 800 points, and the Nasdaq was set to plunge into a correction on Friday, falling more than 10% from its July peak after weak employment numbers aggravated worries of a slowdown in the US economy, while Amazon and Intel's downbeat forecasts dampened sentiment.
Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. The S&P 500 fell 1.8% Friday. The Nasdaq
NEW YORK >> U.S. stocks tumbled for a second straight session today, with the Nasdaq Composite on pace to confirm a fall into correction territory after a soft jobs report stoked fears of an oncoming recession.
NEW YORK (AP) — Stocks are tumbling Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.
Dow plunges nearly 1,000 points after report shows sharp drop in U.S. hiring | Since Then