U.S. Stocks Plunge Over 800 Points, Largest Single-Day Point Drop Since February
By Leia Klingel, Fox Business // October 10, 2018
Big tech stocks helped fuel the selling
ABOVE VIDEO: Stocks collapsing as treasury yields continue surge.
(FOX BUSINESS) – U.S. stocks plunged Wednesday, with the Dow Jones Industrial Average recording its largest single-day point drop since February.
Big tech stocks helped fuel the selling as investors weigh the threat of rising U.S. Treasury yields and global trade spats.
The Dow tumbled 831.83 points, or 3.15 percent, to 25,598.74. The S&P 500 fell 94.66 points, about 3.3 percent, to 2,786.26. The Nasdaq Composite slipped 315.97 points, or 4.08 percent, to 7,422.05.
The tech-heavy Nasdaq and the Russell 2000, a snapshot of domestic companies, are both on pace for the worst start to a fourth-quarter since 2008.
For the S&P 500 and the Dow, it’s the worst start to a fourth-quarter since 2014, as tracked by Dow Jones Market Data.
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