Dow tumbles 1,000 points, Nasdaq loses 5 percent in worst day since 2020

[BumRushDaShow]

15. I usually pop the local news radio station on here 3 pm ET (my time)

and get a summary of the news so I still have it on when the markets close and heard the business anchor mention that it had been up to near 1000 points yesterday just before the close. I know they still do the final tally after the bell but finally found what they closed at.

Yesterday was when the the rate increase had been announced and I was somewhat surprised at them shooting the market up like that. Then today the market went into reverse so that told me that people were buying up some stocks to run up the price yesterday so they could "sell high" today to eventually buy something else later, thus rejiggering their portfolios.

Tomorrow the UE rate for April comes out so who knows which way it will go. I do know the analysts will probably do a swing and miss on the jobs report estimates like they have done every month the past year, so....