Dow Plunges Nearly 1,000 Points In ‘Brutal And Ugly’ End-Of-Week Market Selloff Spurred By Hawkish Fed

The stock market plunged for a second straight day Friday as investors continued to digest the possibility that Federal Reserve officials will act more aggressively than expected—potentially risking a recession—to rein in the biggest inflation spike in 40 years, pushing major indexes to their lowest point in more than a month.