US Stocks Slide, Following Global Markets Lower

By: Associated Press Email
By: Associated Press Email

NEW YORK (AP) The Dow Jones industrial average is sharply lower as investors dump risky assets and pull money out of emerging markets.

The rout in emerging-market assets began a day earlier following signs that manufacturing was contracting in China, a major driver of global economic growth.

Investors were worried about sharp drops in the values of currencies in several emerging markets including Turkey, Russia, South Africa and Argentina.

The declines in the U.S. were broad. Eight stocks fell for every one that rose.

KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 241836951 -
Gray Television, Inc.