Here’s Why the Dow Dropped Nearly 800 Points on Thursday, Its Worst Day Since September

Here’s Why the Dow Dropped Nearly 800 Points on Thursday, Its Worst Day Since September

Stocks fell sharply on Thursday after new data released today showed that retail sales slowed in November. The declines also came one day after the Federal Reserve rose interest rates to a 15-year high.

As of the closing bell on Thursday, the Dow Jones Industrial Average fell 764.13 points, or 2.25%, to 33,202.74 — in its worst day since September. The S&P 500 dropped 2.49% to 3,895.82 and the Nasdaq Composite tumbled 3.23% to 10,810.53.

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