Stocks down 4% in rocky week
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.