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Dow closes down more than 660 points

Dow closes down more than 660 points | 02 Feb 2018 | U.S. stocks slumped Friday, pulling down the Dow Jones industrial average by more than 660 points and placing the market on track for its worst week in two years. The Dow ended the day at 25,520.96, down 665.75 points or 2.54 percent. Investors have grown increasingly worried that a rapid rise in interest rates, spurred by higher inflation, could derail the market's strong and calm ride upward. And they're concerned the Federal Reserve will respond to higher inflation by raising interest rates more quickly than expected.