Between Tuesday and Friday, the Dow Jones Industrial Average dropped 1,400 points, the market's worst week since the COVID-19 pandemic began, The Washington Post reported. The S&P 500 fell by 5.1 percent and the Nasdaq by 6.2 percent during the same time period.
"The biggest drive of the plunge" was, per the Post, "growing concerns that persistently high inflation will force the Federal Reserve ... to aggressively raise interest rates this year."
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