Dow drops 400 points on rate hikes, China factory slowdowns
Banking And Finance,Economy And Jobs,Stock Market,Wall Street,Cryptocurrency,Bitcoin,Federal Reserve,Interest Rates,Inflation,Trade,Supply Chains
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The Dow fell by more than 400 points after the opening bell on Monday, extending Wall Street’s losing streak as investors took stock of rising yields on government bonds as well as economic slowdowns in China caused by the ongoing pandemic.
The Dow Jones Industrial Average was down 420 points, or 1.28%, while S&P 500 was trading lower by 1.64%. The Nasdaq fell 2% after trading opened on Monday.
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