US Economy Dow heads for worst week in 10 years

US Market recap: The Dow Jones Industrial Average's for the week before Christmas 2018 is a staggering 6.7 percent loss, putting it on track for its worst week since the financial crisis in 2008. The Nasdaq Composite Index fell into a bear market.
The Federal Reserve's rate hike on Wednesday drove the losses this week and fears of an extended government shutdown only added to the pain on Friday
The Nasdaq lost 8.5 percent on the week and is now 22 percent below its record reached in August 2018.

The S&P 500 lost 7 percent for the week and on Thursday hit a 14-month low. It's now down 18 percent from its record.

The Dow also lost 7 percent and more than 1,600 points on the week.

The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 12 percent each this month.

The Dow is on track for its worst month since October 2008.

Both the Dow and the S&P 500 are now in the red for 2018 by at least 9 percent.

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