Dow Logs Around 300-Point Loss After Global Growth Concerns Take Hold
Wednesday, 23 January 2019 04:40 WIB | MARKET UPDATE |DOW JONESS & P 500SahamAS

Stocks closed sharply lower on Tuesday, kicking off the holiday-truncated week with a loss, after fears over the global economy gained momentum.

The S&P 500 fell 1.4% to end around 2,633. The Dow Jones Industrial Average shed 299 points, or 1.2%, to end near 24,408, based on preliminary numbers. The Nasdaq Composite slipped 1.9% to around 7,020. China reported 2018 growth was at its slowest since 1990, with President Xi Jinping reportedly warning Communist Party officials to remain watchful of financial risks. The International Monetary Fund also trimmed its growth forecast to 3.5% in 2019, from 3.7% in 2018, though it kept its expectation for the U.S. economy unchanged.

Source : Marketwatch

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