The Presidential Daily Brief


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    Dow Plunges Amid Continuing Volatility

    It’s not over yet. Amid lingering concerns about higher interest rates and rising inflation, the Dow Jones sank into correction territory today, dipping down more than 1,000 points — or 4.3 percent. The development is the latest twist in a dizzying week for Wall Street, as new market volatility has shattered the relative calm of recent years. “There’s no telling whether it’s going to be over in a few days or a few weeks,” one trader said, though few seem worried. The NASDAQ and S&P 500 also closed down by nearly 4 percent.

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