Dow tumbles 500 points as possible rate hike under new Fed chief rattles Wall Street

Biztoc.com - 17 Juni 2026

Dow tumbles 500 points as possible rate hike under new Fed chief rattles Wall Street

The Dow Jones Industrial Average went from a gain of 281 points in the morning to a drop of 507 points, or 1%, while the Nasdaq composite sank 1.4%. The S&P 500 dropped 1.2% and erased an earlier, modest gain after the Fed released projections showing that ni…

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