Dow plunges 1,175
Stocks went into free fall today as the Dow plunged 1,175 points, one of the biggest point declines during a trading day.
The drop amounted to 4.6 percent, the biggest decline since August 2011 during the European debt crisis. It followed a dip on Friday, which itself was the sixth largest point drop in the Dow’s history.
The trouble in the market began early last week, as investors started fearing that if the economy gets much stronger it could touch off inflation, forcing the Federal Reserve to raise interest rates.
News 25 spokes to a financial advisor who tells us what happened today is a result of irrational selling caused by growing anticipation.