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Dow dives points at close, after historic 1,point plunge - Aug. 24,

Tropical Storm Cindy Tracker. Stocks were clobbered Friday on Wall Street — a brutal finish to the worst week in the market in four years. The Dow Jones industrial average closed down points, the ninth-biggest point decline in its history. Investors worried about signs of a slowdown in the Chinese economy that could hammer companies and countries around the world.

Stock Market: Dow Plunges Points and More Than 1, for the Week - NBC News

The stock of Apple, which depends heavily on demand from China, fell more than 6 percent. The Dow finished at 16, It fell more than 1, points this week alone and is down more than 10 percent from its all-time high in May — the definition of a market correction. That has not happened in four years. The Dow's decline for the day came to 3. Why There Could Be More Chaos on Wall Street.

In percentage terms, the decline on Friday was nowhere close to the worst of all time. On Black Monday inwhen the Dow fell points, it nse best stocks to buy a 22 percent decline.

Member Of Congress Warns Of A 1, Point Stock Market Crash If Obamacare Lite Does Not Pass - Monetary Watch

John Deere stock fell more than 8 percent and Microsoft more than 5 percent. Energy stocks and technology stocks were hammered across the board. Utility stocks, seen as a relatively stable bet in a rough market, fared the best, but even they were down more than 1 percent.

There was some good news in the sell-off: Stocks began falling last week when China announced that it was devaluing its currency, the yuan. Investors took it as a signal that the slowdown in the Chinese economy, the second-largest in the world, is worse than they had thought. They got more evidence on Friday: A reading of business activity in China known as the Caixin purchasing index fell to Stock market crash 1000 points below 50 suggests business activity is making money selling incense. The stock market crash 1000 points for investors was global.

Earlier in the day, the Shanghai stock market fell 4. European stocks fell more than 3 percent. Sections Nightly News MSNBC Meet the Press Megyn Kelly Dateline Today Search Search. Share on Facebook Share on Twitter Email page link.

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Multimedia Video Photo More From NBC Sports CNBC MSNBC. NBC News works best with JavaScript turned on. Aug 252: Dow Plunges Points and More Than 1, for the Week by Erin McClam. Share Share Tweet Comment Email Print. Copy this code to your website or blog. Contributors The Associated Press and Reuters. First Published Aug 212: Next Story Dow Hits Another Record High as Amazon, Tech Stocks Soar.

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