Dow Plunges More Than 800 Points
The Dow Jones Industrial Average plunged, falling nearly 832 points at close, in its biggest one-day drop since February.
Tech stocks were hit especially hard. Amazon shares fell by nearly 6.2 percent, while Facebook shares declined just over 4 percent and Netflix stock fell nearly 4 percent.
Part of the reason for the plunge is investors are worried about interest rate spikes. CNN reports tech stocks aren’t doing well because bond yields have increased in recent weeks.