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WEKU
WEKU
Business
David Gura

The Dow Jones sinks below 30,000 as fears about a recession grow

Recession US Federal Reserve
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Thursday. Stocks fell sharply a day after the Fed raised interest rates by the most in decades. (Spencer Platt/Getty Images)

Recession fears are gripping Wall Street.

A day after the Federal Reserve announced its largest rate hike in decades, the Dow Jones Industrial Average sank more than 700 points to end below 30,000 points for the first time since January 2021.

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