Stock Market Dips Below 30,000 for First Time Since Joe Biden’s First Days in Office — All Gains Are Erased
The Dow Jones dipped below 30,000 points on Thursday for the first time since Joe Biden’s first days in office.
The Dow climbed back from the historic Dr. Fauci lockdown by the end of 2020.
Since January 2022 the Dow has lost 6,000 points.
The Dow is currently down 700 points on the day.
The Economic Times reported:
U.S. stock indexes opened sharply lower on Thursday, with growth shares taking the biggest hit, after the Federal Reserve’s biggest interest rate hike since 1994 fanned recession worries.
The Dow Jones Industrial Average dropped 2.4%, or 730 points, falling below the 30,000 mark and to its lowest level in over a year. The S&P 500 slipped 2.7% while the Nasdaq Composite slid 2.8%.
The relief rally that followed the Fed’s decision on Wednesday evaporated, with the majority of ..