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Fears over global slowdown hammer US stocks for 2nd day

1 year 4 months 3 weeks ago August 21, 2015 Aug 21, 2015 Friday, August 21 2015 August 21, 2015 3:15 PM in News
Source: Associated Press

NEW YORK - The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China's slowing economy.

Oil tumbled below $40 per barrel for the first time since the financial crisis.

The Dow Jones industrial average fell to 16,459.75, and ended down 3.1 percent on Friday.

The Standard & Poor's 500 index dropped 64.84 points, or 3.2 percent, to 1,970.89. The Nasdaq slid 171.45 points, or 3.5 percent, to 4,706.04.

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