Dow sees Tuesday morning drop as market volatility continues
![Wall Street](https://cdn.mos.cms.futurecdn.net/mV7k2eianMRq4j6eaNishc-415-80.jpg)
The stock market dropped again early Tuesday morning, wiping out most of Monday afternoon's recovery, The Washington Post reported.
After an initial slide, however, the Dow Jones Industrial Average began to rebound, and by 10:55 a.m. had almost returned to where it started.
The Dow hit its lowest point of the day so far at around 10:05 a.m., when it was down over 600 points.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
![https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516-320-80.jpg)
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.
According to the Post, "Investors have been spooked by expectations that the Federal Reserve — which begins its two-day policy meeting Tuesday — could tighten monetary policy more aggressively than originally planned to combat decades-high inflation."
Early on, Tuesday morning looked a lot like Monday morning, but it's still possible that Tuesday afternoon will resemble Monday afternoon.
On Monday morning, CNBC reported, the Dow plummeted more than four percent but recovered in the afternoon, closing "up 99.13 points, or 0.3 percent, at 34,364.50."
Monday's hectic trading day was the first following the market's worst week since the pandemic began in March 2020. Last week, the Dow Jones Industrial Average dropped 1,400 points. Tech stocks and cryptocurrencies were hit especially hard.
Create an account with the same email registered to your subscription to unlock access.
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
Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-Gazette, Modern Age, The American Conservative, The Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.
-
Magazine solutions - August 2, 2024
Puzzles and Quizzes Issue - August 2, 2024
By The Week Staff Published
-
Magazine printables - August 2, 2024
Puzzles and Quizzes Issue - August 2, 2024
By The Week Staff Published
-
'In a normal country, their activities wouldn't even be crimes'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
What are meme stocks and why are they back?
The Explainer Like it or not, GameStop and AMC are back on Wall Street
By Justin Klawans, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published