Dow sinks 800 points and shares enter bearish market over concern over drastic rate hikes
The Dow (INDU) fell 825 points, or 2.7%, and the Nasdaq fell 4.3%. The broader S&P 500 fell 3.6%. This index is now more than 20% below its all-time high set in January, putting stocks in bearish territory. Fears of inflation and recession had eased somewhat by the end of May, and stocks regained some …