Dow Jones Takes A Hit
ICM Brokers | Aug 21, 2015 02:49AM ET
Dow Jones
U.S. stocks were battered and bruised on Thursday completing one of their worst two-day skids on the calendar year, amid a global economic slowdown and rising bond prices, as the markets reacted to the growing possibility that the Federal Reserve could delay a highly-anticipated interest-rate hike beyond September. The Dow Jones Industrial Average fell more than 350 points to its lowest level since last October while suffering its worst two-day period since late-January. The NASDAQ Composite index and the S&P 500 Composite index also dipped to multi-month lows during the bearish session, as energy, biotech and media stocks weighed on all three indices. Shares in prominent large-cap stocks such as Apple Inc (NASDAQ:AAPL), Facebook (NASDAQ:FB) and Netflix (NASDAQ:NFLX) all took a nosedive on Thursday, each plunging more than 2% on the session.
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