(Washington Post) The Dow Jones industrial average plunged 2.5 percent — closing down 666 points — Friday and suffering its worst week in two years as concerns over rising interest rates and inflation from an overheated economy caused a long-feared sell-off.
It was the worst day for stocks since President Trump took office. The retreat was a reversal from the bullish sentiment that has defined the markets for most of the past year. The stock market has been on a historic nine-year bull run.
All indexes were down Friday, with the tech-heavy Nasdaq falling 1.3 percent and the Standard and Poor’s 500-stock index down 1.6 percent.
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