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Market Snapshot: Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle NASDAQ

Market Snapshot: Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle

U.S. stocks tumbled Friday, with the Dow Jones Industrial Average closing down more than 1000 points for its worst daily percentage drop since May, after Federal Reserve Chair Jerome Powell said the central bank will continue its battle against inflation “until the job is done” of getting the cost of…
bubmag
August 26, 2022