Dow tumbles on recession fears. So much for a Santa Claus rally | CNN Business

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Stocks slid Thursday as investors continued to fret about the Fed's latest economic forecasts. The Dow plummeted nearly 765 points, or 2.3%, and it's down 4% in December following solid gains the previous two months.

Christmas is just 10 days away, and investors hoping for a Santa Claus rally have found little holiday cheer on Wall Street this month – especially Thursday. The Dow plummeted nearly 765 points, or 2.3%, Thursday, and it is down 4% in December following solid gains the previous two months. Verizon\n \n was the only one of the 30 Dow stocks in positive territory. The S&P 500 fell 2.5% and the Nasdaq was 3.2% lower Thursday. The S&P 500 is now off 4.

Of course, the slowdown fears may not become reality. The economy could avoid dipping into a recession and inflation pressures may wind up cooling faster than expected. But at the very least, market volatility may be back for the foreseeable future. Investors are worried that the Fed will also continue to act, even though there is already evidence that consumers are starting to feel a one-two punch from higher prices and higher interest rates.

 

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EndTheFed

Well duh....the government only to fix ppl being poor is by charging them more and more and can't figure out why it's getting worse.....soon investors will have to start working

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