Dow Jones Industrial Average Down Over 1,100 Points

Market Selloff Continues

DJIA Falls Below 30,000 for First Time in Months

The Dow Jones Industrial Average (DJIA) plunged over 1,100 points on Tuesday, May 31, as the market selloff continued. This marks the largest single-day point drop for the DJIA since October 2020.

As of 5:21 PM GMT-4, the DJIA was down 1,152.9 points, or 3.83%, to 29,093.01. This is the first time the DJIA has closed below 30,000 since March 2022.

The sell-off was broad-based, with all 30 of the DJIA's components closing in the red. The biggest decliners were Boeing (-5.6%), Apple (-4.9%), and Goldman Sachs (-4.8%).

The market's selloff has been driven by a number of factors, including rising interest rates, concerns about inflation, and the war in Ukraine. Investors are also worried about the possibility of a recession.