Dow drops more than 1,500 points
Update 3:11 p.m.: The Dow Jones Industrial Average dropped more than 1,500 points at its lows Monday afternoon. Our original post appears below.
The Dow Jones Industrial Average dipped more than 400 points at its lows Monday, at times falling more than 450 points. The decline follows a rocky week that culminated in a 666-point plunge last Friday.
The Dow dropped immediately after Monday's opening bell, then faced a second drop in the early afternoon that brought its two-day loss to more than 1,000 points. The turbulence is fueled in part by a strong January jobs report, which "sparked … inflation fears and worries that interest rates could rise faster than expected," USA Today writes.
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.
The S&P 500 also registered its first 5 percent pullback in more than a year, MarketWatch reports.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.
-
'Swimming in the sky' in northern Brazil
The Week Recommends The pools of Lençóis Maranhenses are clear and blue
By The Week UK Published
-
An ailing Pope Francis – and the vultures circling in the Vatican
Talking Point Caught between his progressive inner circle and an influx of conservatism, the Holy Father should 'brace' himself for a battle
By The Week UK Published
-
Crossword: February 2, 2025
The Week's daily crossword
By The Week Staff Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published