Markets Right Now: US stocks dive again, extending losses

The latest on developments in financial markets (all times local):

4 p.m.

Stocks dove again on Wall Street, extending recent declines, as traders worry about a U.S.-China trade war and slower economic growth.

Major U.S. indexes ended a tumultuous week down more than 4 percent Friday, marking the worst weekly decline since March.

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The Dow Jones Industrial Average plunged more than 500 points Friday, bringing its weekly drop to more than 1,000.

Traders have been worried about worsening trade relations between the U.S. and China, the world’s two biggest economies. Those worries took a turn for the worse this week with the U.S.-ordered arrest of a senior Chinese technology executive.

The Dow fell 558 points, or 2.2 percent, to 24,388.

The S&P 500 lost 62 points, or 2.3 percent, to 2,633. The tech-heavy Nasdaq fell 219 points, or 3 percent, to 6,969.

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2:07 p.m.

Major indexes are sinking again as traders continue to unload stocks, extending dismal streak for the stock market.

Friday’s sell-off erased more than 500 points from the Dow Jones Industrial Average, bringing its weekly drop to more than 1,000.

Technology and health care stocks led the way lower. Microsoft fell 3.4 percent.

Traders have been dumping stocks this week as doubts emerged about how much progress had been made on defusing trade tensions between the U.S. and China.

News that a prominent Chinese tech executive had been arrested at Washington’s request suggested those tensions could get worse.

The Dow dropped 561 points, or 2.2 percent, to 24,394.

The S&P 500 fell 59 points, or 2.2 percent, to 2,636. The Nasdaq fell 190 points, or 2.7 percent,

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