Dow tumbles 400 points and breaks below 30,000 as recession fears mount

Dow tumbles 400 points and breaks below 30,000 as recession fears mount

New York (CNN Business)US stocks fell sharply Friday morning, as investors continued to worry about even more rate hikes from the Federal Reserve that could land the US economy in a recession. The Dow (INDU) tumbled 413 points, or 1.4%, in morning trading. The S&P 500 (SPX) fell 1.8% and The Nasdaq (COMP) composite was 2% lower. The Dow remained below 30,000 points, a level it briefly breached Thursday. If the Dow ends the day below 30,000, it would be …