The United States stocks fell sharply again on Thursday after the huge sell-off Wednesday. The Dow was down with nearly 700 points. It had reacquired some game by the afternoon but ended down at 546 points or a little more than two percent.
From last two days, the Dow has lost 1,378 points and the S & P 500 was down with two percent. 1.25 points lost by Nasdaq. In response to strong growth in the United States economy and historically low employment levels, the Federal Reserve had gradually risen the interest rates to less simulative levels. Investors are worried about the trade tensions between the U.S and China. The rising interest rates will slow down the economic growth of this powerful nation. Tech stocks were the biggest losers I the recent sell-off. Amazon was off six percent and Netflix was down with more than eight percent. Both Apple and Google were down with more than 4.5 percent.
Source: NPR NEWS
