Dow falls over 200 points, Nasdaq 100 down over 1.5%

Markets 11/9/2018, 5:14 PM
Dow falls over 200 points, Nasdaq 100 down over 1.5%

The Dow Jones Industrial Average dipped over 200 points on Friday with other major indices trading in the red as well. The losses come following the Federal Reserve's decision to hold interest rates. However, policymakers agreed that they anticipate further gradual rate hikes at meetings to come, with one widely expected in December.

The Dow lost 0.68% at 5:22 pm CET but is still up 2.88% for the week. The worst performer was Caterpillar, tumbling 3.47%. Meanwhile, the S&P 500 fell 0.85% as Activision Blizzard plunged 11.64%. The Nasdaq dropped 1.62% at the time with Skyworks Solutions leading the losses as it sank over 7%.

Breaking the News / JC

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