The following article by Thomas Heath was posted on the Washington Post website February 2, 2018:
A strong jobs report and disappointing earnings slammed Wall Street on Feb. 2. The Dow suffered its worst percentage drop since June 2016. (Reuters)
The Dow Jones industrial average plunged 2.5 percent Friday — closing down 666 points — and suffered its worst week in two years as concerns over rising interest rates and inflation from an overheated economy triggered a long-feared sell-off.
It was the worst day for stocks since President Trump took office — and a stark reversal from the optimism that has propelled the markets higher for most of the past year. The market has been on a historic nine-year bull run. Continue reading “Dow drops 666 points and posts its worst week since 2016”