SEVERE WX: Winter Weather Advisory - Blizzard Warning View Alerts
CLOSINGS: View Closings

Stocks plunge again

Down over 1,000 points on Thursday.

Posted: Feb. 8, 2018 3:04 PM
Updated: Feb. 8, 2018 3:42 PM

NEW YORK (AP) — The Dow Jones industrial average plunged more than 1,000 points as a weeklong market swoon continued.

The Dow is 10 percent below the record high it set just two weeks ago, putting it in what is known on Wall Street as a “correction.”

The Standard & Poor’s 500, the benchmark for many index funds, is also 10 percent below the record high it set two weeks ago.

Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market’s relentless march higher over the past year.

The Dow dropped 1,032 points, or 4.1 percent, to 23,860.

The S&P 500 gave up 100 points, or 3.8 percent, to 2,581. The Nasdaq lost 274 points, or 3.9 percent, to 6,777.

Article Comments

Mason City
Overcast
31° wxIcon
Hi: 33° Lo: 12°
Feels Like: 22°
Albert Lea
Overcast
30° wxIcon
Hi: 32° Lo: 11°
Feels Like: 23°
Austin
Overcast
34° wxIcon
Hi: 34° Lo: 13°
Feels Like: 27°
Charles City
Overcast
32° wxIcon
Hi: 33° Lo: 13°
Feels Like: °
Rochester
Overcast
29° wxIcon
Hi: 31° Lo: 13°
Feels Like: 21°
Tracking ice accumulations to start your weekend and heavy snow and wind to end it.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

West Hancock girls take flight for state

Image

Prep basketball highlights from Southern Minnesota

Image

North Iowa basketball highlights

Image

What's worse? Skeetas or Snow?

Image

Highlights: North Iowa Bulls at Rochester Grizzlies

Image

Section 1AA swimming finals

Image

Finally enough snow to snowmobile

Image

Minnesota individual section wrestling quarterfinals

Image

Finding new housing options

Image

Windows shot out in Austin

Community Events