“Make Me Even” author Jerry Fine discusses whether the Federal Reserve should continue to raise interest rates and why investors need to be cautious.
U.S. stocks plunged Wednesday, with the Dow Jones Industrial Average recording its largest single-day point drop since February. Big tech stocks helped fuel the selling as investors weigh the threat of rising U.S. treasury yields and global trade spats.
The Dow tumbled 831.83 points, or 3.15 percent, to 25,598.74. The S&P 500 fell 94.66 points, about 3.3 percent, to 2,786.26. The Nasdaq Composite slipped 315.97 points, or 4.08 percent, to 7,422.05.