By Jennifer Keiper, WLS News
On Wall Street – another sell-off. The Dow, at one point, fell 526 points and moved into correction territory on intraday basis. The Dow fell more than 1,000 points this week.
All of the sectors, including utilities, telecom, industrials, were in the red. Oil has set a new 6 ½ year low, dipping below $40 a barrel. There are a lot of global economic growth concerns – especially over China which devalued its currency. Overseas, the Asian Markets plunged. Also, China and the U.S. have shown weaker manufacturing data.
There is also uncertainty over when the Federal Reserve will raise interest rates.
On Friday, the Dow closed down 530 points at 16,459.
The Nasdaq fell 171 at 4,706.
And the S&P 500 was off 64 points at 1,970.
@ Copyright 2015 WLS News