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Dow drops more than 450 points, S&P 500 posts worst day since January amid global growth worries

From cnbc.com

Stocks tumbled on Friday as global growth fears and the Federal Reserve’s more cautious economic forecast sparked investor angst into the weekend. The Dow Jones Industrial Average sank to its session lows heading into the close and finished down 460.19 points at 25,502.32. Bank stocks led the decline thanks to a sharp pullback in long-term Treasury yields. The S&P 500 fell 1.9 percent to 2,800.71, its biggest one-day drop since Jan. 3. The Nasdaq Composite declined 2.5 percent to 7,642.67 as shares of Facebook, Amazon, Netflix, Alphabet and Apple all closed lower. “There’s a host of worries out there and those ... (full story)

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  • Category: Fundamental Analysis