Dow-Jones Index faces worst decline in last 10 years

Baku. 3 February. REPORT.AZ/ Dow Jones, the US main stock exchange index, has faced the hardest daily and weekly downturn after the 2008 financial crisis.

Report informs, in the first week of February, Dow Jones decreased by 1 095 points (4.1%), yesterday - by 666 points (2.5%).

The S & P 500 index dropped by 2.1% yesterday, 3.9% during the week, the Nasdaq index dropped by 2% yesterday and 3.5% during the week.

According to the MarketWatch, this was the toughest fall after the 2008 financial crisis when Dow Jones index crashed by 1,874 points during October 5-10 week.

The reason for the decline in the stock market indices was the recent allegations that the Fed would continue to tighten its monetary policy.

Notably, employment indicator disclosed yesterday showed 200,000 people against forecasted 184,000 in the United States, with the exception of the agricultural sector, confirmed that the US economy is strong.This, in turn, meant increase in discount rate by Fed.