Losses in the U.S. stock market have steepened in the final hour of trading on Friday, with the Dow Jones Industrial Average DJIA, -2.95% down more than 880 points as investors digest hawkish remarks made by Federal Reserve Chair Jerome Powell this morning at the Jackson Hole economic symposium.
The Dow was down around 2.7% in late afternoon trading, while the S&P 500 SPX, -3.27% dropped about 3% and the tech-heavy Nasdaq Composite COMP, -3.83% plunged 3.5%, according to FactSet data, at last check. All 11 of the S&P 500's sectors were down, with information technology suffering the steepest losses with a slide of about 3.8%.
Also this will be great for my index ETF pickups at day end
China about to totally meltdown
We are headed lower
Free fall 📉 DowJones
Thanks JoeBiden
Fake drops for big money to steal shares. Its comical how big money partners with the media and blowholes like Cramer to help hedgies. Rigged up joke. Im holding and will add like you f ucks for run up
Monday is a buying spree! Buy kroger 'KR' on the NYSE 🖊📃🧮