Dow Tumbles 760 Points as Market Reacts to Recession Worries

24.08.02 News

The Dow Jones Industrial Average plummeted 760 points on Friday, driven by recession fears and disappointing earnings reports, following a 494-point drop on Thursday. Intel’s stock, in particular, plunged 28.8% after a poor earnings report, contributing significantly to the Dow’s decline. This marked Intel’s largest one-day drop since 1974, shaving about 55 points off the Dow’s total. The broader market selloff reflects growing concerns about the economic outlook and potential recession.

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