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Dow drops 800 points as sell-off steepens as rising rates rattle investors

KHOU 11 Houston
Dow drops 800 points as sell-off steepens as rising rates rattle investors

The Wall Street bull got bloodied and battered Wednesday, with the stock market on track for its biggest selloff since February. Investors bailed out of the market as fears about the negative economic fallout caused by rising interest rates and the ongoing U.S. trade conflict with China spooked investors. "These developments are telling us that the investment environment has become riskier," says Ed Yardeni, chief investment strategist at Yardeni Research. In afternoon trading the Dow Jones industrial average was down more than 800 points, its worst drop in eight months, as worries about the impact of higher borrowing costs on corporate earnings and consumer spending prompted investors to dump