LIVE: Watch stocks trade in real time ⁠as Dow tumbles— 5/5/2022

LIVE: Watch stocks trade in real time ⁠as Dow tumbles—  5/5/2022

Stocks fell sharply on Thursday, erasing the gains seen in the previous session after the Federal Reserve raised rates by half a point in the biggest drawdown for Wall Street this year.

The moves come after a major rally for stocks on Wednesday. The Dow surged 932 points, or 2.81%, and the S&P 500 gained 2.99% for their biggest gains since 2020. The Nasdaq Composite jumped 3.19%.

Those gains had all been erased before noon in New York on Thursday.

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LIVE: Watch stocks trade in real time ⁠as Dow tumbles— 5/5/2022

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!