Dow plunges 600 points — worst week in 2 years
(CNN) – Wall Street is having its worst day of the Trump presidency.
The Dow dropped 600 points, or 2.3%, on Friday despite a strong jobs report that showed wage growth is finally starting to pick up. That’s great news for workers, but it reinforced investors’ concern about inflation and the bond market.
The sell-off put the Dow well below 26,000. Both the Dow and S&P 500 are on track for their biggest weekly drops since early 2016 — nearly 4% each.
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