Listen as Larry spoke with Stephen Moore, Distinguished Visiting Fellow for Project for Economic Growth at The Heritage Foundation, regarding the drop in the Dow Jones industrial average.
Stock market plunges, with Dow down a record 1,175 points in the Big Board’s biggest one-day drop (Fox Business)
Wall Street continued a broad selloff Monday, as the Dow plunged a record 1,175 points amid growing inflation fears.
The Dow Jones Industrial Average closed at 24,345, down 4.6%. The S&P 500 fell 113 points, or 4.1%, to 2,648. The Nasdaq Composite dropped 273 points, or 3.78%, to 6,967.
The Dow fell as much as 1,597 points in afternoon trading, the largest intraday drop in history. The blue-chip index’s 4.6% decline reflected its worst day since at least Aug. 10, 2011. Coming off its worst week in two years, the Dow wiped out its 2018 gains with its pullback Monday.
The CBOE Volatility Index, known as the market’s “fear gauge,” soared 115% to its highest level since 2011. [Read More]
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