Dow Slides More Than 1,100 Points in Worst Day Since 2020
U.S. stocks fell sharply, with the Dow industrials suffering their worst day since 2020, as the latest set of disappointing earnings from large retailers raised investors’ fears of a recession.
The Dow Jones Industrial Average as of 4 p.m. ET was down about 1,164 points, or 3.6%, to 31490, its worst percentage decline since June 11, 2020 and its lowest closing level since March 2021.
The S&P 500 dropped 4%, and the tech-focused Nasdaq Composite slid 4.7%. The moves mark a U-turn from Tuesday, when technology shares led a rebound in...