Dow hits near 2-year low on recession worries
The U.S. Federal Reserve raised interest rates by 75 basis points earlier this week and vowed to keep going until inflation was in check, in line with the monetary policy tightening stance by many central banks around the globe. At 10:08 a.m. ET, the Dow Jones Industrial Average was down 408.50 points, or 1.36%, at 29,668.18, after briefly falling before below this year's low of 29,653.29 points on June 17. The S&P 500 was down 65.07 points, or 1.73%, at 3,692.92, and the Nasdaq Composite was down 220.27 points, or 1.99%, at 10,846.54.
Published:9/23/2022 9:42:53 AM