A fresh tumble for the Dow Jones Industrial Average on Friday was putting the blue-chip benchmark on the verge of shedding 10% from its recent peak in October, which would place it back in correction. The Dow DJIA, -2.24% was most recently off about 600 points, or 2.4%, at 24,354, with that decline placing it about 9.3% short of a dropping 10% from its Oct. 3 all-time high at 26,828.49, according to FactSet data. The decline comes amid fresh worries about trade relations between China and the U.S., with the S&P 500 index SPX, -2.33% and the Nasdaq Composite Index COMP, -3.05% also trading sharply lower on the day, even after a cooler-than-expected jobs report, showing that 155,000 jobs were created in November, offered some suggestion that the Federal Reserve may be more deliberate in raising borrowing costs in coming months. If the Dow were to tumble back into correction, it would join the S&P 500 and the Nasdaq.
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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