Who would’ve ever thought that spinning the Country into panic over a one-sided memo, charging the Country’s top Law Enforcement agencies with corruption and conspiracy could have a negative effect on the stock market? Probably everyone!
USA Today (@USATODAY) reports, the Dow fell more than 400 points Friday. Stocks took a huge tumble around noon right after Republicans released a controversial memo alleging that the FBI and Department Of Justice abused their surveillance authority to target the 2016 presidential campaign.
Around noon, the Dow Jones Industrial average was down by nearly 427 points before pairing back its losses a bit. At 12:15 the Dow was down 360 points, or 1.4%, and back below 26,000.