Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Stock market plunges more than 1,000 points, enters first correction in 2 years


February 9, 2018

NEW YORK — The Dow Jones industrials plunged more than 1,000 points Thursday, deepening a weeklong sell-off and dragging the stock market into an official “correction” for the first time in two years as fearful investors sought to get out before their losses mounted.

The rout marked a stark turnabout in investors’ mood from just two weeks ago, when indexes set their latest record highs. Since then, the Dow and the Standard & Poor’s 500 have fallen 10 percent, Wall Street’s traditional definition of a correction.


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