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Dow drops over 500 points, with stock market extending slide following Wednesday's plunge

Daily Record
Dow drops over 500 points, with stock market extending slide following Wednesday's plunge

The Dow plunged more than 800 points Wednesday, its worst drop in eight months. Rising bond yields have been drawing investors out of the stock market. The best-performing stocks over the past year took some of the biggest losses. (Oct. 10) The Dow plunged 500 points on Thursday, exacerbating a 800-point drop the day before that marked the blue-chip average's largest rout since February. Investors remain on edge over tariff concerns and a recent jump in interest rates. President Donald Trump added fuel to the fire by castigating the Federal Reserve for continuing to hike a benchmark rate that affects both business and consumer loans. The Dow Jones industrial average slid 546 points, or 2.13 percent,