The Dow Jones Industrial Average dropped 400 points at its lowest Tuesday, in the second day of selloffs ahead of President Trump's State of the Union address and the first of the Federal Reserve's two-day rate-setting meetings. If the Dow doesn't recover before markets close, the drop will be the biggest one-day plunge since June 2016, when the index fell 610 points, CNBC reports.
UnitedHealth was the worst performer, plunging 3.4 percent following the announcement that Amazon, JPMorgan Chase, and Berkshire Hathaway are partnering on a new health-care company.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Putin says Russia isn't weakened by Syria setbackSpeed Read Russia had been one of the key backers of Syria's ousted Assad regime
-
Georgia DA Fani Willis removed from Trump caseSpeed Read Willis had been prosecuting the election interference case against the president-elect
-
Democrats blame 'President Musk' for looming shutdownSpeed Read The House of Representatives rejected a spending package that would've funding the government into 2025
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
