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Wall Street tumbles on global economic worries; Dow falls 496 points

Johnson & Johnson was a major drag on the S&P 500 and Dow

Wall Street, US stocks

Reuters New york

Wall Street's three major indexes slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson was a major drag on the S&P 500 and Dow after Reuters reported the company had known knew for decades that asbestos lurked in its Baby Powder.

The Dow Jones Industrial Average <.DJI> fell 496.87 points, or 2.02 percent, to 24,100.51, the S&P 500 <.SPX> lost 50.59 points, or 1.91 percent, to 2,599.95 and the Nasdaq Composite <.IXIC> dropped 159.67 points, or 2.26 percent, to 6,910.67.

 

 

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First Published: Dec 15 2018 | 2:59 AM IST

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