Listen

Description

US Stocks fell sharply on Thursday for the second straight day on Wall Street as investors dumped equities around the globe because of fears of rapidly rising interest rates, a possible global economic slowdown and overly ambitious tech valuations. The Dow -545 points lower or -2.1%. The S&P dropped -2.1% to 2,728 and posted its sixth straight decline. The broad index also closed below its 200-day moving average for the first time since April. The Nasdaq pulled back -1.3% and briefly entered correction territory at its lows on Thursday.