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Wall Street hits fresh lows on economic worries; Dow falls 271 points

The three indexes are already in a correction, having fallen more than 10 per cent from their record closing highs

Reuters  |  New York 

Wall Street stocks fell in volatile trading on Friday, with the Nasdaq on pace to confirm it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services. The tech-heavy Nasdaq sank to a 15-month low, falling as much as 21.5 percent from its Aug. 29 high. The benchmark S&P 500 index, already on pace for its biggest percentage decline in December since the Great Depression, hit its lowest level since August 2017. The Dow Industrials fell to the lowest level since October 2017. All ...

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First Published: Sat, December 22 2018. 02:37 IST