Dow Jones Drops More Than 800 Points as Tech Companies’ Stocks Plunge

HeadlineOct 11, 2018
H11 stock market

In financial news, the Dow Jones Industrial Average plunged by more than 800 points Wednesday, as stocks of tech companies Facebook, Netflix and Twitter all tumbled sharply. Economists say the market drop was sparked by the Fed’s decision to raise interest rates, after having propped up the economy for years following the 2008 economic crisis by holding interest rates at near-zero levels.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Up arrowTop