Dow plummets 830 points in worst drop since February

[Yo_Mama_Been_Loggin]

Stocks sank Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street through its worst day in months.

The Dow closed 831 points lower as Intel and Microsoft fell more than 3.5 percent each. The Nasdaq plummeted more than 4 percent.

The S&P 500 dropped 3.3 percent, with the tech sector underperforming. The broad index also posted a five-day losing streak — its longest since November 2016 — and fell below its 50-day and 100-day moving averages, widely followed technical levels.

Both the Dow and S&P 500 posted their biggest one-day drops since early February, while the Nasdaq notched its largest single day sell-off since June 24, 2016.

https://www.msn.com/en-us/money/markets/dow-plummets-830-points-in-worst-drop-since-february/ar-BBObn33?li=BBnb7Kz

[doc03]

1. Lost about $3300 today, that wipes out the gains for the year. nt

[SunSeeker]

2. Fuck. So much for my 401k earnings for the year. And the GOP wants to do this to Social Security.

[SimpleC]

3. It's Obama's fault...