Dow Jones nosedives 160 points

Wednesday sell-off ends three-day rally

Stock market falls amid fears of rising interest rates, slowing economy

The Dow Jones Industrial Average dropped 160 points on Wednesday, reversing a three-day rally.

The sell-off was broad-based, with all 11 major sectors of the S&P 500 index closing lower.

Technology stocks were particularly hard hit, with the Nasdaq Composite Index falling 2.1%.

The sell-off comes amid growing fears of rising interest rates and a slowing economy.

The Federal Reserve is expected to raise interest rates again next month, and investors are worried that this will hurt corporate profits and slow economic growth.

In addition, there are concerns that the ongoing trade war between the United States and China is taking a toll on the global economy.

The Dow Jones Industrial Average is now down more than 10% from its all-time high, which was set in October 2021.

It is unclear how long the sell-off will continue. However, investors should be prepared for more volatility in the coming weeks and months.