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US Stocks Sell-off Accelerates On Economic Fears, Dow -2% Dg/hs

Umer Jamshaid Published December 15, 2018 | 04:18 AM

US stocks sell-off accelerates on economic fears, Dow -2% dg/hs

New York, (APP - UrduPoint / Pakistan Point News - 15th Dec, 2018 ) :US stocks dove further into the red on Friday afternoon as a sell-off sparked by fears over global growth gathered pace due to lackluster Chinese economic data.

Shares of US drug maker Johnson & Johnson also dropped sharply following a report the company knowingly sold talc-based powder containing the carcinogen asbestos.

The Dow Jones Industrial Average had lost two percent to 24,106.64, around 1940 GMT, and is now down more than 10 percent from its most recent peak in October.

The S&P 500 and Nasdaq dropped 1.8 percent to 2,603.24 and 6,941.54, respectively.

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