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

Stocks plunge again; Dow's two-day loss reaches 1,300 points


October 12, 2018

NEW YORK — U.S. stocks sank more than 2 percent Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions that could slow economic growth.

The Dow Jones Industrial Average fell 545 points after dropping 831 points Wednesday. The two-day loss of 5.3 percent is the biggest for Dow since February. The S&P 500 is also down more than 5 percent over the two days and after falling for the past six trading days is almost 7 percent below its Sept. 20 high.


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