US stocks dive on concerns about global growth; Dow drops more than 320 points
NEW YORK, N.Y. - The U.S. stock market had its worst day in more than seven months, and the Dow Jones industrial average plunged more than 320 points, as reports of sluggish U.S. growth added to worries about the global economy.
The Dow fell 326.05 points, or 2.08 per cent, to close at 15,372.80 Monday. The index fell as much as 342 points in the afternoon. The Standard & Poor's 500 index lost 40.70 points, or 2.28 per cent, to 1,741.89. The Nasdaq slid 106.92 points, or 2.6 per cent, to 3,996.96
Investors moved into safer assets such as U.S. Treasurys. The yield on the 10-year note fell to 2.58 per cent from 2.65 per cent Friday.
A report Monday showed that U.S. manufacturing barely expanded last month. Signs of weakness in China's manufacturing sector added to worries about developing economies.
Read more Business News
- Man dies after hit by semiPenticton / S. Okanagan - 1:58 pm
- School zones back in sessionWest Kelowna - 4:45 pm
- Smoke forces evacuationKelowna - 2:30 pm
- Four vehicle crash kills bearKelowna - 2:07 pm
|QHR Technologies Inc||1.27||-0.10|
|Anavex Life Sciences||0.2195||-0.0035|
|Copper Mountain Mining||2.40||-0.26|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.27||-0.02|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...