The Atlantic

The Stock Market Just Took a Historic Nosedive—Why?

Sudden stock crashes are notoriously difficult to explain. But rising wages and incipient inflation seem to be scaring investors.
Source: Spencer Platt / Getty

The Dow Jones Industrial Average plunged more than 1,000 points on Monday. This was the largest nominal decline in the history of the index, and the first time that the Dow has lost more than a thousand points in a single day of trading.

This means the Dow suffered its first-ever four-digit point loss just hours after the Super Bowl witnessed its first-ever four-digit offensive output. on causality here.

You're reading a preview, sign up to read more.

More from The Atlantic

The Atlantic7 min readPsychology
The Therapeutic Potential of Stanning
“Superhero therapy” encourages people to think like their favorite movie characters. It seems to work.
The Atlantic5 min readFashion & Beauty
How Jeans Got Weird
It’s hard to imagine how a person could be better at wearing jeans than Rihanna. While the pop star is practically worshipped in fashion circles for her wardrobe’s endless variety, the one thing she clothes herself in nearly constantly is denim. Her
The Atlantic3 min read
The Most Exciting Part of Terminator: Dark Fate Isn’t the Action
The latest reboot of the sci-fi series brings back Linda Hamilton as Sarah Connor—a character the audience can care about.