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Wall Street down, Dow saw lowest close since November

Staff Writer | March 23, 2018
Wall Street tumbled with more than 1,000 points knocked off the Dow in two days.
Wall Street down
Trade war   A volatile session
Investors, increasingly nervous about a potential U.S. trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses.

In a volatile session, the S&P 500 came within a hair of its 200-day moving average, a key technical level.

The benchmark index also nudged closer to its February low, which marked a correction, ending 9.9 percent lower than its Jan. 26 record.

The Dow Jones Industrial Average .DJI fell 424.69 points, or 1.77 percent, to 23,533.2, the S&P 500 .SPX lost 55.43 points, or 2.10 percent, to 2,588.26 after hitting an intraday low that was barely above its 200-day moving average of 2585.22.

The Nasdaq Composite .IXIC dropped 174.01 points, or 2.43 percent, to 6,992.67.

For the week, the Dow was down 5.67 percent, the S&P 500 was down 5.95 percent and the Nasdaq was down 6.54 percent, marking their biggest weekly percentage falls since January 2016.

The Dow was down 11.6 percent since its January 26 high, and hit its lowest close since confirming a correction in February.


 

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