Stocks down 4% in rocky week

The Citizens' Voice - - BUSINESS -

Wall Street capped a tur­bu­lent week of trad­ing Fri­day with the big­gest weekly loss since March as traders fret over ris­ing trade ten­sions be­tween Wash­ing­ton and Bei­jing and sig­nals of slower eco­nomic growth.

The lat­est wave of sell­ing erased more than 550 points from the dow Jones In­dus­trial Av­er­age, bring­ing its three­day loss to more than 1,400. For the week, ma­jor in­dexes are down more than 4 per­cent.

Wor­ries that the testy U.s.-china trade dis­pute and higher in­ter­est rates will slow the econ­omy has made in­vestors un­easy, lead­ing to volatile swings in the mar­ket.

The S&P 500 in­dex fell 62.87 points, or 2.3 per­cent, to 2,633.08. The dow dropped 558.72 points, or 2.2 per­cent, to 24,388.95. The S&P 500 and dow are now in the red for the year again.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.