Markets Right Now: Stocks plunge again, Dow sinks 464 points

By The Canadian Press
December 20, 2018 - 2:15pm

NEW YORK — The latest on developments in financial markets (all times local):

4 p.m.

Another miserable day on Wall Street knocked 464 points off the Dow Jones Industrial average, bringing its losses since Friday to more than 1,700 points.

The index is now down more than 10 per cent for December, putting it on track for its worst monthly loss in almost a decade.

The technology-heavy Nasdaq is now down almost 20 per cent from the peak it reached in August.

After steady gains through the spring and summer, stocks have fallen sharply in the fall as investors worry that global economic growth is cooling off.

The S&P 500 fell 39 points, or 1.6 per cent, to 2,467.

The Dow lost 464 points, or 2 per cent, to 22,859.

The Nasdaq fell 108 points, or 1.6 per cent, to 6,528.

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2:09 p.m.

Stocks are plunging again on Wall Street, chopping another 600 points off the Dow Jones Industrial average, bringing its losses since Friday to more than 1,900 points.

Technology stocks, longtime market favourites, have taken particularly hard hits over the last few days of selling and were sharply lower again Thursday.

The technology-heavy Nasdaq composite index is now down 20 per cent from the peak it reached in August.

After steady gains through the spring and summer, stocks have fallen sharply in the fall as investors worry that global economic growth is cooling off and that the U.S. could be headed for a recession in the next few years.

The S&P 500 fell 61 points, or 2.4 per cent, to 2,445.

The Dow lost 638 points, or 2.7 per cent, to 22,687.

The Nasdaq fell 180 points, or 2.8 per cent, to 6,452.

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11:45 a.m.

Stock prices are falling further on Wall Street, a day after another big plunge rocked markets around the world.

Major indexes fell more than 1 per cent in midday trading Thursday, bringing their losses over the previous six days to about 6 per cent.

The benchmark S&P 500 index is now almost 16 per cent below the peak it reached in late September.

After steady gains through the spring and summer, stocks have slumped in the fall as investors worry that global economic growth is cooling off.

Microsoft and Amazon each fell 3.4 per cent.

The S&P 500 fell 36 points, or 1.4 per cent, to 2,471.

The Dow Jones Industrial Average fell 379 points, or 1.6 per cent, to 22,950. The Nasdaq fell 115 points, or 1.7 per cent, to 6,524.

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9:35 a.m.

Stocks are opening lower on Wall Street a day after the market took a big plunge.

Health care companies and consumer products makers had some of the biggest losses in early trading Thursday.

UnitedHealth Group, the largest health insurer in the country, fell 1.8 per cent. Procter & Gamble lost 1.3 per cent.

Walgreens fell 2.8 per cent and Conagra, a giant food maker, fell 7.4 per cent. Both companies reported weaker sales than analysts were expecting.

The S&P 500 index lost 14 points, or 0.6 per cent, to 2,491.

The Dow Jones Industrial Average fell 118 points, or 0.5 per cent, to 23,191. The tech-heavy Nasdaq composite slipped 27 points, or 0.4 per cent, to 6,611.

Bond prices rose, sending yields lower.

The Associated Press

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