Why is Dow Jones down today: Dow crashes more than 270 points today – S&P 500 and Nasdaq also in deep red

Why is Dow Jones down today: The Dow Jones Industrial Average fell 271.87 points to 49,390.79, down 0.55% in Thursday trading, as investors reacted to Markets gave back part of Wednesday’s rally as traders reassessed risk. Crude oil prices jumped more than 2%. Asset management stocks sold off sharply. The market reaction came despite strong quarterly results from Walmart, which beat Wall Street expectations in the fourth quarter. However, the company’s full-year earnings outlook disappointed investors.Soft ...