Dow Craters 369 as Slowdown Reality Sets In
by Matt Krantz, Adam Shell and Ed Brackett
USA Today
U.S. stocks cratered in their worst day in months as investors are starting to realize global growth is likely to slow down.
The market’s change-of-heart became clear Friday when the Dow Jones industrial average ended down 367 points, or 2.1%, to 17,128.45 and the Standard & Poor’s 500 slid 36 points, or 1.8%, to 2005.52. Falling a little less harder was the Nasdaq composite losing 79 points, or 1.6%, to 4923.08. It was the Dow’s worst one-day percentage drop since falling 2.8% on Sept. 1, 2015.
[…] Investors’ initial celebration over the Federal Reserve hike in short-term interest rates Wednesday turned into a sinking realization of what the move could mean for macroeconomic growth.
Continue Reading at USAToday.com…
Source: http://silveristhenew.com/2015/12/18/dow-craters-369-as-slowdown-reality-sets-in/
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