On October 3, 65, reporters reported that the Dow Jones Industrial Average closed lower on Friday (Sept. 30) under pressure following the US released higher-than-expected inflation data. This will be a factor supporting the Federal Reserve (Fed) to raise interest rates once more. And it makes investors worried that the economy will face a recession.
The Dow Jones Industrial Average closed at 28,725.51, down 500.10, or -1.71%, the S&P500 closed at 3,585.62, down 54.85, or -1.51%, and the Nasdaq closed at 10,575.62, down 161.89, or -1.51%.
