Hold on to your hats, because the stock market is plummeting. The Dow Jones closed today 1,000 points lower, marking the third time in five days that it’s fallen more than 500 points. As investors continue to worry about both inflation and rising interest rates, stocks are now nosediving.
Similar to the Dow, the S&P 500 dropped 3.75% and the Nasdaq fell 3.9%. It seems we are in correction territory. As we head toward Friday and the weekend, we’ll have to wait and see if these losses continue.