The Dow Jones dropped sharply Wednesday, falling as much as 460 points during the session amid weak economic data and renewed concerns about the Ebola virus. The DJIA rebounded in the afternoon, but still suffered a 173-point decline.
The S&P 500 fell again on the day, its sixth decline in eight sessions.
The Dow Jones Industrial Average (DJIA) plummeted 334 points Thursday, giving back all of yesterday's gains. U.S. markets tumbled on lingering concerns about global economic growth and after St. Louis Federal Reserve Bank President James Bullard said the market's view on pending interest rate hikes and the Fed's view are conflicting.
The S&P Volatility Index (VIX) soared 25% on the day.
It was the first back-to-back bruising since June 18th and 19th, when Fed “comments” drove the Dow 560 points into the ground. But you can’t blame the Fed for the latest pair of triple-digit routs. Not directly, anyway. Here’s what triggered all the action…