Dow Drops 250 Points as Payrolls Suggest Rate Hike Still a Possibility

Stocks slumped this morning after payrolls data suggested that the Federal Reserve might still hike interest rates at its September meeting. European Pressphoto Agency The S&P 500 has dropped 1.4% to 1,924.00 at 10:08 a.m. today, while the Dow Jones Industrial Average has fallen 246.59 points, or 1.5%, to 16,128.17. The Nasdaq Composite has declined 1% […]