Dow ends in correction territory as stocks tumble on China worries

Fri, 14 Dec 2018 21:03:07 GMT


Stocks ended the week on a down note Friday, falling sharply on worries about global growth after weaker-than-expected Chinese data. The Dow Jones Industrial Average fell around 496 points, or 2%, to finish near 24,101, according to preliminary figures. The close put the Dow back into correction territory, defined as a pullback of at least 10% from a recent peak. The S&P 500 dropped 1.9% to end near 2,600, an important psychological support level, while the Nasdaq Composite shed 2.3% to end near 6,910. The S&P and Dow both saw a weekly decline of 2%, while the Nasdaq fell 2.3%.

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