US markets tumble more than 2.5%

US markets tumbled more than 2.5% yesterday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors. The Dow Jones Industrial Average fell 981 points, or 2.8%, to 33,811; The S&P 500 lost 122 points, or 2.8%, to 4,272 and the Nasdaq Composite dropped 335 points, or 2.6%, to 12,839. For the Dow, its 2.82% drop on Friday was its biggest one-day ...