Stock Slide Picks Up Steam. Dow Down 700 Points.
From Barron’s: 2025-04-16 14:10:00
Stocks plummeted as Federal Reserve Chair Jerome Powell addressed the Economic Club of Chicago, causing the Dow to drop 700 points (1.7%), the S&P 500 to fall by 2.5%, and the Nasdaq Composite to dip by 3.5%. Yields on the 2-year Treasury note and 10-year note also decreased to 3.83% and 4.33%, respectively.