Dow Plunges Below 26,000 after Donald Trump Bashes Fed

2019-3-4 19:29

The Dow and broader U. S. stock market declined sharply Monday afternoon, as investors digested President Donald Trump’s latest criticism of the ‘gentleman who loves quantitative tightening,’ a direct reference to Federal Reserve Chairman Jerome Powell.

Dow Plunges; S&P 500 and Nasdaq Follow All of Wall Street’s major indexes erased gains to trade firmly in the red by midday. As of 12:42 p. m. ET, Dow Jones Industrial Average plunged 322 points, or 1. 2%, to 25,703. 70. The blue-chip index rose triple digits after the open, reflecting a strong pre-market session for U. S. stock futures. Twenty-eight of 30 index members reported losses. UnitedHealth Group Inc.

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