Powered by

Markets waiting a while for a pullback. Then, pow!

Feb 06, 2018 - Associated Press Financial Wire

NEW YORK (AP) - The long, smooth, record-setting ride on Wall Street is over. The stock market pullback that experts had been saying was long overdue has finally come.

Investor fears about higher interest rates escalated into rapid, computer-generated selling Monday that wiped out all the market's gains for the year. At one point, the Dow Jones industrial average dropped 1,000 points in less than an hour, and it ended with its worst day in more than six years. The Standard & Poor's 500 is ...