Dow dives 4.2% on interest fears

Investors uneasy over rates, inflation rise, analysts say

Posted: February 9, 2018 at 4:30 a.m.

Trader Michael Milano (front) watches stocks plummet Thursday morning on the floor of the New York Stock Exchange. By day’s end, all the 2018 gains for the Dow Jones industrial average had been wiped out.

The Dow Jones industrial average fell 1,032 points into the red, down 4.2 percent, to close at 23,860 as fears deepened over rising interest rates. Its steep dive in the final minutes of trading put the Dow in correction territory.

A graph showing the Dow Jones industrial average

This story is only available from our archives.