Category: Investing

Dow plunges 394 points on renewed interest-rate fears, and Louisville company shares drop, too

Today’s tumble followed hawkish comments from Federal Reserve officials and a slump in oil prices, dragging down the overall market, according to MarketWatch. The Dow Jones Industrial Average closed at 18,085, down 2.3%, and the broader S&P 5oo index closed at 2,128, down a steeper 2.5%.

Among company shares tracked by Boulevard, all but one — Humana’s — fell sharply, with Amazon leading the way:

september-9-2016-stocks

Still, even after today’s plunge, stock markets overall are higher than a year ago. The Dow is 12% higher, and the S&P is up 11%, according to Google Finance.