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The Dow Jones Industrial Average has plunged more than 400 points after the US Federal Reserve’s announcement on Friday that it is raising interest rates for the first time in two decades.
The market was on the edge of a historic collapse in early October and has since rallied and rebounded by more than 300 points.
The stock market is up more than 7% so far this year.
But now it’s trading at a record low of 5,071.5 points, down from 6,979.7 points on Thursday, and below the previous low of 7,634.6 points set on August 12.
US stock indexes have been on a tear since the Fed’s announcement.
The S&P 500 is up nearly 6% since Thursday, with the Nasdaq up about 2%.
The Russell 2000 is up about 7%.
The Dow is up almost 30%.
But it has also lost almost 10% of its value in the past two days.
The rally has come amid worries about global tensions over North Korea and the election of Donald Trump as US president.
The Fed has been meeting in Washington for the last two weeks to try to bring a quick end to the economic slump, which has left millions of Americans out of work and left the economy in the red.
The US stock market has soared in recent months.
US stocks were up more, with both the S&P 500 and Nasdaq rising nearly 1% in early trade on Friday.
Investors were hoping the Fed would raise rates soon, which it is expected to do.
But the US economy remains weak and jobs growth is far below its peak in the aftermath of the 2008-2009 financial crisis.
The Federal Reserve also announced that it would hold its next meeting in January, which would be in late 2018.
The central bank is set to keep rates on hold until at least March.