Connect with us

Hi, what are you looking for?

Politics

Stock Market Dips Below 30,000 for First Time Since Joe Biden’s First Days in Office — All Gains Are Erased

The Dow Jones dipped below 30,000 points on Thursday for the first time since Joe Biden’s first days in office.

The Dow climbed back from the historic Dr. Fauci lockdown by the end of 2020.

Since January 2022 the Dow has lost 6,000 points.

The Dow is currently down 700 points on the day.

The Economic Times reported:

U.S. stock indexes opened sharply lower on Thursday, with growth shares taking the biggest hit, after the Federal Reserve’s biggest interest rate hike since 1994 fanned recession worries.

The Dow Jones Industrial Average dropped 2.4%, or 730 points, falling below the 30,000 mark and to its lowest level in over a year. The S&P 500 slipped 2.7% while the Nasdaq Composite slid 2.8%.

The relief rally that followed the Fed’s decision on Wednesday evaporated, with the majority of ..

The post Stock Market Dips Below 30,000 for First Time Since Joe Biden’s First Days in Office — All Gains Are Erased appeared first on The Gateway Pundit.

Disclaimer: tradinginspector.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 tradinginspector.com | All Rights Reserved