Dow drops more than 400 points into correction, posts worst week since Jan. 2016 [CNBC]
DOWDUPONT (DWDP)
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Source: CNBC
show chapters Stocks fell sharply on Friday, adding to their steep weekly losses, as investors assessed the possibility of a trade war brewing between the U.S. and China. The Dow Jones industrial average dropped 424.69 points to close at 23,533.20 — its lowest level since November — with DowDuPont as the worst-performing stock. The 30-stock index also closed in correction, down 11.6 percent from its 52-week high. The S&P 500 declined 2.1 percent to 2,588.26, with financials pulling back 3 percent. It also closed just outside correction territory. The Nasdaq composite fell 2.4 percent to 6,992.67. The indexes, along with the Dow, had traded higher earlier in the session. People are a little worried ahead of the weekend. You can see that people have been buying a little bit of the options that expire next week which would give you a little protection over the weekend, said Patrick Kernan of Cardinal Capital. Kernan, who trades in the pit at
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