• Trump Says the Federal Reserve Has ‘Gone Crazy' and Markets Are in a ‘Correction'

    12 days ago - By Fortune

    With significant drops in the Dow Jones Industrial Average , S&P 500 , and broad-based stock market indexes, President Trump said markets are in a “correction,” and decried the Federal Reserve's recent rises in interest rates and signals for more to come. The Fed has “gone crazy,” he said.
    In comments to the press in Erie, Pennsylvania, Trump said, “I think the Fed is making a mistake. They're so tight.” He noted of today's market, “It's a correction that we've been waiting for, for a long time.”
    Just two hours before, CNBC reported that an unnamed senior White House official told its...
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  • Business Highlights

    12 days ago - By Chron

    Dow industrials sink 831 points as tech companies plunge
    NEW YORK - U.S. stocks plunged to their worst loss in eight months on Wednesday as technology companies continued to drop. The Dow Jones Industrial Average fell 831 points. The losses were widespread, and stocks that have been the biggest winners on the market the last few years, including technology companies and retailers, suffered steep declines. Apple and Amazon both had their worst day in two and a half years.
    Scramble for holiday season workers already near fever pitch
    WASHINGTON - Companies that depend on holiday season sales...
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  • Trump briefed on stock market sell-off: CNBC

    12 days ago - By Reuters

    U.S. President Donald Trump has been briefed on Wednesday's stock market sell-off, a senior White House official told CNBC, as the Dow Jones Industrial Average dropped more than 3 percent in one day and the S&P 500 marked its biggest daily decline since February.
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  • How major US stock indexes fared Wednesday

    12 days ago - By Chron

    U.S. stocks plunged to their worst loss in eight months on Wednesday as technology companies continued to drop. The Dow Jones Industrial Average fell 831 points.
    On Wednesday:
    The S&P 500 index skidded 94.66 points, or 3.3 percent, to 2,785.68.
    The Dow Jones Industrial Average declined 831.83 points, or 3.1 percent, to 25,598.74.
    The Nasdaq composite retreated 315.97 points, or 4.1 percent, to 7,422.05.
    The Russell 2000 index of smaller-company stocks fell 46.45 points, or 2.9 percent, to 1,575.41.
    For the week:
    The S&P 500 is down 99.89 points, or 3.5 percent.
    The Dow is down 848.31...
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  • Here are the biggest one-day point drops in the Dow's history

    Here are the biggest one-day point drops in the Dow's history

    12 days ago - By Business Insider

    Stocks tumbled on Wednesday.
    The Dow Jones industrial average fell 831.83 points, the third-largest one-day point drop in history.
    Previous large one-day drops include several days during the financial crisis, and the first trading day after the September 11, 2001 terror attacks.
    The stock market took a tumble Wednesday amid fears surrounding global growth, rising interest rates, and trade disputes.
    The Dow closed down 831.83 points, the third-largest one-day point drop in its history.
    The biggest one-day point drop came earlier this year. On February 5, the Dow fell 1,175.21 points. The...
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  • U.S. stocks plunge on rising Treasury yields

    12 days ago - By Reuters

    U.S. stocks tumbled on Wednesday, with the S&P 500 marking its biggest daily decline since Feb. 8, and technology stocks led the losses as rising U.S. Treasury yields sent investors fleeing from risky assets.
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  • Stocks extend their slump, led by drops in big technology names; Dow industrials lose 500 points, or 2 percent

    12 days ago - By Chron

    NEW YORK - Stocks extend their slump, led by drops in big technology names; Dow industrials lose 500 points, or 2 percent.
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