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| Dow plunges more than 500 points as stocks suffer second day of major losses | |
| (35 minutes later) | |
| The Dow Jones Industrial Average has fallen more than 500 points, just one day after the market was hit with its worst day since February. | The Dow Jones Industrial Average has fallen more than 500 points, just one day after the market was hit with its worst day since February. |
| The S&P 500 has fallen more than two percent and the Nasdaq 100 Index's losses are approaching 10 percent on Thursday. | The S&P 500 has fallen more than two percent and the Nasdaq 100 Index's losses are approaching 10 percent on Thursday. |
| Meanwhile, the Wednesday drop of nearly 832 points was the third-worst point decline in history. Technology shares were among the hardest hit, with Netflix, Amazon, and Google parent Alphabet leading the way. | Meanwhile, the Wednesday drop of nearly 832 points was the third-worst point decline in history. Technology shares were among the hardest hit, with Netflix, Amazon, and Google parent Alphabet leading the way. |
| However, the technology sector began bouncing back on Thursday, despite the more than 500 point drop, gaining 0.46 percent. Facebook and Alphabet both rose 1.4 percent. | |
| The communication services sector also rose 0.49 percent on Thursday. | |
| Thursday marks a sixth straight day of losses for the stock market, which has been facing a perfect storm of rising interest rates, signs of slowdown in the global economy, and the US-China trade dispute. | Thursday marks a sixth straight day of losses for the stock market, which has been facing a perfect storm of rising interest rates, signs of slowdown in the global economy, and the US-China trade dispute. |
| Meanwhile, former congressman Ron Paul has told RT that a major crash is just a matter of time, stating that the US is approaching the "biggest bubble in the history of mankind." | |
| Like this story? Share it with a friend! | Like this story? Share it with a friend! |