Wall Street drops amid global growth worries

Wall Street drops amid global growth worries

Friday, April 08, 2016
Epic Research Update : US Markets
US stocks dropped on Thursday as oil prices slid and worries about the global economy resurfaced, dragging down the dollar against the Japanese yen and causing investors to flee riskier assets. The S&P 500 posted its biggest daily percentage loss in six weeks.

The growth worries weighed especially on interest-rate sensitive financials , strategists said, with the group down 1.9 percent and the biggest drag on the S&P 500

The Dow Jones industrial average closed down 174.09 points, or 0.98 percent, to 17,541.96, the S&P 500 lost 24.75 points, or 1.2 percent, to 2,041.91 and the Nasdaq Composite dropped 72.35 points, or 1.47 percent, to 4,848.37.

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