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Ignoring the hearings they ve called partisan even with hundreds of witnesses, thousands of hours of testimony, no ability for republicans to do any type of cross-examination. i still don t think there was anything new there. reporter: tonight attorney general garland saying the justice department is tracking the testimony. the january 6th prosecutors are watching all the hearings, as well. the justice department is going to be a major topic at the next hearing on wednesday. how so reporter: that s right, lester. the committee wants to examine how former president trump tried to use the doj first to investigate and then to advance his claims of a stolen election on thursday we ll hear about the pressure campaign the president waged against his own vice president, mike pence. lester garrett haake o capitol hill, thank you. it was another brutal day on wall street the dow plunging 876 points the s&p falling into bear market territory. it comes as the fed prepares to raise i ....
gloom and red arrows on wall street, as sky high inflation and a potential recession weigh heavily on investors, after being down a thousand points, the dow closed 876, and down 16% for the year. the tech and biotech heavy nasdaq down 30% year to date. and the portfolios of investors sliding into bear market territory down 21% year to date. real money for americans saving for retirement, college savings or a new home. the two things you can control, in a market like this, how much you save and how much you spend and it is really important to track. to tame 40-year high inflation the federal reserve is expected to raise interest rates again on wednesday, perhaps by another three quarters of a point. the fed has to worry whether or not it can stick to those game plans and whether or not wall street will believe them down the line. that s why fed credibility so to ....
reporter: gloom and red arrows on wall street today as sky high inflation and a potential recession weigh heavily on investors. after being down 1,000 points the dow closed down 876 today, now down 16% for the year. the tech and biotech heavy nasdaq down 30% year to date, and the broader s&p index common in americans portfolios sliding into bear market territory, down 21% year to date all of it real money for americans saving for their retirement, college savings or a new home the two things you can control even in a market like this is how much you save and how much you spend. and it s really important to stay on track. reporter: to tame 40-year high inflation the federal reserve is expected to raise interest rates again on wednesday, perhaps by another three quarters of a point. the fed has to worry about whether or not it can stick to those game plans and whether or not wall street will believe them down the line that s why fed ....
Economic historic economic boom that we are seeing with jobs. historic inflation? no. that is not that is that is not that is not how we are seeing the american rescue plan. pete: but the current treasury secretary janet yellen said it did contribute to inflation. larry summers says it did contribute to inflation. officials around here say none of their plans have led to higher prices. that is still putin s fault. bret? bret: peter doocy live on the north lawn, peter, thank you. here are the final numbers from wall street. the dow cratered 876 today. the s&p 500 fell 151, the nasdaq plummeted 531. let s get some analysis from david as monday from fox business. david, good evening. good evening. this is a tough day. it has been tough for a week. ....
reporter: david, the police chief in idaho says he and his fellow officers have received death threats since those arrests. and there s concern tonight that this case symbolizes the worry that pride activities this month could be targeted by hate groups. david? we ll stay on this. pierre, thank you. now to the economy, and to a drop on wall street today and new fears of a possible recession on the horizon. the dow losing 876 points after falling 10 out of the last 11 weeks. the price of gas still going up, now averages $5.01 a gallon. tonight, we learned the federal reserve s interest rate hike this week could be higher than expected. here s abc s erielle reshef. reporter: tonight, new fears of a recession after a dismal day on wall street. the s&p 500, the index tied to most 401(k)s, finishing down nearly 4% for the day and more than 20% for the year. officially entering so called bear market territory. the stock market is suffering through a very bad case of indigestion, be ....