New York Stocks: Economic fears push the Dow below 33,000 points

Central banks’ tough stance against high inflation, which is likely to continue for a long time, also weighed on the US stock market on Friday. The leading US Dow Jones Industrial Index fell about three and a half hours into trading by 1.63% to 32,659.89 points. He was then listed below 33,000 points for the first time in a good five weeks. With a current decline of nearly two and a half percent, it would be the second week of consecutive losses. The market-wide S&P 500 fell 1.73% on Friday to 3828.39 points. The tech-heavy Nasdaq 100 fell 1.38% to 11,188.46 points.