Dow Index

Wall Street is tumbling even more Monday, sending the S&P 500 down more than 20% from its record, on worsening fears about a possible recession given how stubborn inflation has become. The S&P 500 was 3.3% lower in investors' first chance for trading after getting the weekend to reflect on the stunning news that inflation is getting worse, not better. The Dow Jones Industrial Average was down 738 points, or 2.4%, at 30,653, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 3.9% lower. The center of Wall Street's focus was again on the Federal Reserve, which is scrambling to get inflation under control. Its main method is to raise interest rates in order to slow the economy, a blunt tool that risks a recession if used too aggressively. Some traders are even speculating the Fed on Wednesday may raise its key short-term interest rate by three-quarters of a percentage point. That's triple the usual amount and something the Fed hasn't done since 1994. Traders now see a ...

The Dow Jones Industrial Average was up 170.49 points, or 0.47%, at 36,498.44

Helping the Dow outperform was Boeing, which added 3.2% as industry sources said the planemaker has drawn up preliminary plans to increase in 737 MAX output to as many as 42 jets a month in fall 2022

The S&P 500 rose 54.19 points, or 1.54 per cent, to 3,580.84. The Nasdaq Composite Index increased 116.78 points, or 0.98 percent, to 12,056.44

Dow Jones down 1,424.47 points, or 5.51%, at 24,440.31, while the S&P 500 was down 160.27 points, or 5.39%, at 2,812.10

At 2:28 p.m. ET, the Dow Jones Industrial Average slumped 3.35% at 25,810.05 points, while the S&P 500 lost 3.25% to 2,989.76

Eight of 11 S&P 500 indexes were lower on Monday, led by financials and information technology