Dow plummets 700 points, falls below 30,000 to the lowest level in more than a year

https://endtimeheadlines.org/2022/06/dow-plummets-700-points-falls-below-30000-to-the-lowest-level-in-more-than-a-year/

The Dow Jones Industrial Average tumbled below the key 30,000 level on Thursday as investors worried the Federal Reserve’s more aggressive approach toward inflation would bring the economy into a recession.

According to CNBC, The Dow had rallied on Wednesday after the Fed announced its largest rate hike since 1994, but reversed those gains and then some on Thursday, tumbling to the lowest level since January 2021.

The Dow dropped 2.4%, or 740 points. The S&P 500 slipped 3.1%, while the Nasdaq Composite slid 3.8%. The major averages entered Thursday’s session down 4.5%, 5.7% and 5.6%, respectively, for the week and well below record levels.

The S&P 500 and Nasdaq Composite are both in bear market territory, down roughly 23% and 34% from their all-time highs in January and November, respectively. The Dow, meanwhile, is about 19% below its Jan. 5 all-time intraday high.


The Tribulation is commencing…

Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.

#Yahweh #Yeshua #HolySpirit #LordAlmighty #SovereignLord #Nameaboveallnames #TheWay #TheTruth #TheLife #TheGate #Heaven #KingdomofHeaven #Saved #Glorified #Endtimes #LastDays #FeastofTrumpets #markofthebeast #verseoftheday #birthpains #Judgement #Christian #Christianity #hope #love #Jesus #Christ

Leave a Reply

Powered by WordPress.com.

Up ↑

%d bloggers like this: