Dow closes 700 points lower as inflation and tariff fears worsen
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Fri, Mar 28 20254:14 PM EDTStocks plunge on Friday, S&P 500 closes week down for the fifth time in last six weeksThetumbled 1.97% to end at 5,580.94, while theNasdaq Compositelost 2.70% to close at 17,322.99. TheDow Jones Industrial Averagelost 715.80 points, or 1.69%, to settle at 41,583.90.— Pia SinghFri, Mar 28 20254:13 PM EDTAt one point Friday, Wall Street's VIX index tracking fear and greed almost jumped 20%At one point on Friday, the CBOE Volatility Index (VIX) soared nearly 20% from its close on Thursday, touching a lunchtime high of 22.18, which was only the highest absolute level since March 18 and the largest percentage increase since March 10.The VIX Index measures traders' expectations for how much the S&P 500 might move in either direction, up or down, over the next 30 days, using options prices. When the VIX is high, traders are thought to be skittish, contemplating large swings in prices and when the VIX is low, investors are considered to be calm and complacent.The VIX...