Three major indices slid more than two percent Dec.17 on concerns about slowing economic growth ahead of anticipated Federal Reserve rate hike this week. (Reuters)
U.S. stock markets again swept downward on Monday as criticism about the Federal Reserve’s pace of interest rate increases has kicked up a fresh round of year-end volatility.
The Dow Jones industrial average closed down 507 points, or 2.1 percent, at 23,592, extending a slide after a 496-point loss on Friday. The blue-chip barometer is notching its worst month in more than three years.
The Standard & Poor’s 500-stock index and the tech-laden Nasdaq composite also dropped 2.1 and 2.3 percent, respectively.
VIew the complete December 17 article by Thomas Heath on The Washington Post website here.