Don’t miss the latest developments in business and finance.

Wall Street sinks as Turkey crisis drags down banks

Image
Reuters NEW YORK
Last Updated : Aug 11 2018 | 2:00 AM IST

NEW YORK (Reuters) - U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered concerns that it could spread to other global economies.

The Dow Jones Industrial Average fell 196.02 points, or 0.77 percent, to 25,313.21, the S&P 500 lost 20.31 points, or 0.71 percent, to 2,833.27 and the Nasdaq Composite dropped 52.67 points, or 0.67 percent, to 7,839.11.

(Reporting by Caroline Valetkevitch; Editing by Phil Berlowitz)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 11 2018 | 1:42 AM IST

Next Story