Investors reacted to the threat of higher interest rates and a possible recession Monday by selling stocks.
The Dow Jones Industrial Average lost 876 points, ending the day off 2.79%, the Nasdaq lost 530 points or 4.68%, and the S&P 500 closed off 3.88% landing it in official bear market territory. A bear market is defined as a 20% fall from a market’s high.
Bitcoin also saw a decline, plunging to $23,000 — a loss of 67% from its high last November. Podcast host Trish Regan has repeadedly warned of the dangers of the Fed’s loose monetary policy. She has argued […]
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