The Dow closes down 500.10 on concerns about inflation and economic recession.

On October 3, 65, reporters reported that the Dow Jones Industrial Average closed lower on Friday (Sept. 30) under pressure following the US released higher-than-expected inflation data. This will be a factor supporting the Federal Reserve (Fed) to raise interest rates once more. And it makes investors worried that the economy will face a recession.

The Dow Jones Industrial Average closed at 28,725.51, down 500.10, or -1.71%, the S&P500 closed at 3,585.62, down 54.85, or -1.51%, and the Nasdaq closed at 10,575.62, down 161.89, or -1.51%.