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.
The Dow had rallied on Wednesday after the Fed raised rates by the most since 1994, but reversed those gains and then some on Thursday, tumbling to the lowest level since January 2021.
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LIVE: Watch stocks trade in real time as Dow tumbles — 6/16/2022
