While you were sleeping: Wall Street slides

Thu, 20 Aug 2015

By Margreet Dietz Aug. 21 (BusinessDesk) - Wall Street dropped, along with equities in Europe, amid concern about China’s slowing economic growth and its impact on the worldwide economy. In late trading in New York, the Dow Jones Industrial Average shed 1.65 percent, the Standard & Poor’s 500 Index retreated 1.72 percent, while the Nasdaq Composite Index sank 2.4 percent. Declines in shares of Walt Disney and those of Merck, down 5.7 percent and 4.4 percent respectively, led the Dow lower. Shares of Walt Disney suffered after Sanfor...

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