iStock/Thinkstock(NEW YORK) — The Dow Jones Industrial Average fell 831.83 points on Wednesday to close at 25,598.74, losing 3.2 percent of its value.
The stock market was dragged down by a sell-off in tech stocks, rising interest rates and tension over trade disputes with China.
Slides in corporate shares weren’t just contained to the Dow. The tech-heavy NASDAQ index also traded sharply lower, closing at 7,422.05, down 315.97 points or 4.1 percent. The S&P 500 closed at 2,785.68, down 94.66 points or 3.3 percent.
Copyright © 2018, ABC Radio. All rights reserved.
