Dow Jones, Nasdaq face worst weekly losses since 2011 after yuan devaluation

Dow Jones, Nasdaq face worst weekly losses since 2011 after yuan devaluation

The Dow Jones industrial average suffered its worst loss in five years after the market plunged into a correction on Friday. Stock markets around the world lost value amid concerns over the global economy.

The Dow plunged nearly 531 points ‒ 3.1 percent ‒ to close the day at 16,459.75.

355
Like
Save