Sharp Selloff Hits Wall Street as Dow Jones Plunges 700 Points Late in Session

Key Facts

US equity markets experienced a significant downturn during the final hour of trading, led by a sharp decline in the Dow Jones Industrial Average. The blue-chip index shed 700 points as selling pressure intensified late in the day, erasing gains made earlier in the session. Similarly, the Nasdaq Composite extended its losses, reflecting a broad-based retreat across major sectors. This late-session volatility suggests a sudden shift in investor sentiment as market participants reacted to emerging pressures. Analysts noted that the magnitude of the drop often signals continued bearish momentum for the upcoming sessions. The S&P 500 also faced downward pressure, contributing to a gloomy close for Wall Street as volatility spiked across the board.