The Dow Jones Industrial Friday afternoon was on track to registered its worst weekly decline in about 8 months, according to FactSet data. The Dow DJIA, -2.24% was down about 622 points, or 2.5%, at 24,323, with that drop contributing to a 1,219 points loss over the course of the abbreviated week(the stock and bond markets were closed on Wednesday to mark a day of mourning for George H.W. Bush on Wednesday). If it holds, it would represent the steepest weekly slump since the week ended March 23. The blue-chip index’s decline has come amid intensifying worries that global growth is likely to slow in the coming year or two, with a clash between China and the U.S. likely contributing mightily to those fears. Those concerns were dragging the S&P 500 index SPX, -2.33% and the Nasdaq Composite Index COMP, -3.05% sharply lower, with all three benchmarks on track to produce weekly declines of nearly 5%. The S&P 500 and the Nasdaq also are headed for their worst weekly drop since late March.
See Full Story Dow closes down 550 points as stocks post biggest weekly fall since March
U.S. stocks deepened their losses Friday as new jitters on trade relations overshadow the November employment report.
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