Stocks ended sharply lower Thursday, with the Nasdaq Composite COMP, -4.99% dropping 5% as major indexes more than wiped out gains seen the previous session in a relief rally that followed a widely anticipated Federal Reserve rate hike.
Tech and other growth stocks were hardest hit as Treasury yields jumped, with the 10-year rate at its highest since late 2018 at more than 3.04%. The Dow Jones Industrial Average DJIA, -3.12% shed around 1,063 points, or 3.1%, to close near 32,998, according to preliminary figures, while the S&P 500 SPX, -3.56% lost 3.6% to finish near 4,147.
Something nefarious must be going on here
FJB. This admin is clueless and caused all of this missery. Problem is it was all planned to order.
Gee, another flash crash in the US just DAYS after the EU had the same? Which big name pulled the rug this time?
It’s happening joe Biden is destroying the United States. Now the stock market is crashing . What will he do next. The worst president in history
Biden’s economy 😡
Great job Brandon! (BIDEN THUGGISH ALTER EGO)
BOTS at Work, buy low, selling high to keep dow afloat. Can't blame this on Russian disinformation 😂😅🤣🤣🤮🤣😅🤮😂 Results of $15 an hour push. Printing money and more... buy Silver and Gold now !!!
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