Dow Drops A Thousand Points By End Of Day

The Dow has lost more than 2,000 points since Jan. 26.

For the second time in a week - as well as in its history - the Dow Jones ended the day with a more than thousand-point drop, falling 1,033 points Thursday.

The Dow fell 4.1 percent, closing at 23,860. The Nasdaq lost 274 points on the day (3.9 percent), while the S&P 500 closed with a 100-point loss (3.75 percent).
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Overall, the Dow has lost more than 2,000 points since Jan. 26, erasing 2018’s early stock gains and cutting into the massive increase the index experienced during President Trump’s first year in office.

Investors continue to be spooked by a strengthening economy with rising wages, low unemployment, and the likelihood that the Federal Reserve will raise interest rates.

Trump said stock traders who are selling off are making a "big mistake", tweeting on Wednesday:

"In the 'old days,' when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down," Trump tweeted. "Big mistake, and we have so much good (great) news about the economy!"

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