Dow tumbles more than 1,000 points, Nasdaq falls 5% as inflation spooks investors - Shahpur Turk CSC - Common Service Centre in Sonipat Dow tumbles more than 1,000 points, Nasdaq falls 5% as inflation spooks investors

07 May 2022

Dow tumbles more than 1,000 points, Nasdaq falls 5% as inflation spooks investors

US stocks on Thursday ended sharply lower amid concerns that the Federal Reserve could further tighten monetary policy. The Fed had a day ago hiked the interest rate by 40 basis points to tame surging inflation, the biggest hike in two decades.

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