Dow plunges in perfect storm for stocks

Posted on AllSides December 15th, 2022
From The Right

Investors dumped stocks on Thursday as more headwinds emerge for the U.S. economy as the Federal Reserve stays the course in raising interest rates. 

The Dow Jones Industrial Average lost 764 points, or 2.2%, as the broader markets faced the worst session since November. 

IBM and Apple paced the Dow's selloff, while Verizon remained in the green.

The Nasdaq Composite shed over 3.4%, weighed down by Netflix and Meta. 

 

And all 11 of the S&P’s largest sectors fell, led by tech, materials and industrials, while energy and utilities fell the...

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