Wall Street suffers heavy fall
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Plunging share prices rocked Wall Street again yesterday. The downturn, fuelled by fears of rising interest rates, could trigger a similar sell-off in London today.
By the close in New York, the Dow Jones index was down 157 points, or 2.33 per cent, at 6,583.11, the largest back-to-back point drop since the crash of 1987. The sell-off came on the heels of a 140-point loss suffered on the Dow on Thursday. By falling below the psychologically important 6,600 level, the Dow set off alarm bells that its decline may be worse than a mere correction, and signal instead the start of a longer- term spiral. On 11 March, the index was at a high of 7,085.16.
Roller-coaster Dow, page 18
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments