US stock markets take a major fall as Dow reaches lowest level since August
by Rupert Neate in New York from on (#10T1T)
Losses followed worldwide declines due to concerns about health of the Chinese economy and falling oil price and extend US markets' worst ever start to the year
US stock markets suffered further heavy losses on Friday with the Standard & Poor's 500, the index of America's biggest companies, falling 2.2% to 1,880 points - the lowest since August 2014.
The losses, which follow declines across the world due to concerns about the health of the Chinese economy and the plunging price of oil, extend the US markets' worst-ever start to the year. The Dow Jones, which fell by more than 500 points at one point before ending the day down 391 points to 15,988, has fallen by 8.24% so far in 2016.
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