Dow Falls 500 Points
Worries continue to mount over slowing economy
This morning, stocks slid following the Independence Day weekend, amplifying the losses of Wall Street's dismal first half of the year amid growing concerns over sluggish economic growth in the coming months.
The Dow Jones Industrial tumbled more than 500 points or 1.7 percent in morning trading. The S&P 500 index fell by 70 points or 1.8 percent at the start of the session, while the tech heavy-Nasdaq lost 190 points or 1.7 percent.
Investors are heading into the back-half of 2022 after the stock market closed out its worst six-month stretch to start a year since 1970, as consumers and businesses adapt to historically high inflation and to the global supply chain disruptions unleashed by the Russian invasion of Ukraine and the pandemic.
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