Dow drops more than 500 points as US markets plummet amid global sell-off
by Rupert Neate in New York and Phillip Inman in Lond from on (#J2D8)
Most major markets around the world suffer bruising losses as investors worldwide become increasingly concerned about Chinese economy
US stock markets dropped dramatically on Friday afternoon, dragging overall global markets to their worst week of the year as concerns about the health of the Chinese economy rattled investors across the world.
All of the main US indices closed down more than 3% on Friday, the fourth consecutive day of falls. The Dow Jones Industrial Average closed down 531 points, or 3.1%, to 16,460 - the S&P 500 lost 3.2% to 1,971 and the Nasdaq closed down 3.5% to 4,706.
Related: Stock market falls: four factors stoking global economic fears
Related: Global market turmoil in six charts
Continue reading...