Stocks plummet, Dow drops to 2022 low 

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Current stock market news update As Fed and growth concerns shake markets, stocks plummet

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Dow hits 2022 low, and oil plunges. A new 2022 low was tested when the benchmark S&P 500 fell 1.7%. 

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The Dow Jones Industrial Average decreased by 486 points. 1.6%, closing at the 2022 low and briefly entering bear market territory throughout the session. 

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The heavily tech-focused Nasdaq Composite also declined by 1.8%. The "fear gauge" used by Wall Street, the CBOE Volatility Index (VIX), was just above 30.

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The 2-year U.S. Treasury note surged past a 15-year high of 4.2%. The 10-year U.S. Treasury note held close to 3.7%, the highest level since 2010. 

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The price of crude oil plunged into the commodity markets.

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West Texas Intermediate (WTI) futures ended over 6% down at $78.74 per barrel.

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