Dow plunges 1,200 points, shedding most of midterm results stock rally
Summary
U.S. stocks fell sharply on Thursday, Nov. 5, giving back most of the gains from the previous day’s rally after midterm election results. The Dow dropped 1,220 points, while the S&P 500 and Nasdaq also posted steep declines.Key Facts
- The Dow Jones Industrial Average fell 1,220 points, or 2.2%.
- The S&P 500 declined 3.2%.
- The Nasdaq fell 4.8%.
- The Dow’s loss erased most of its gain from the previous trading session.
- On Wednesday, the Dow rose more than 1,500 points, its strongest session in more than a year.
- The article linked Wednesday’s rally to the midterm election results.
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