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Dow falls 200 points amid fears the global economy may be slowing down


Tuesday, 22 January 2019 23:26 WIB

DOW JONES Standard & Poor's 500Saham AS


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Stocks fell on Tuesday, the first trading day of the week, as weak data out of China and lower global growth estimates from the International Monetary Fund renewed fears of the global economy slowing down.

The Dow Jones Industrial Average dropped 200 points, led by losses in DowDuPont and Caterpillar. The S&P 500 pulled back 1 percent as the energy and industrials sectors lagged. The Nasdaq Composite declined 1.1 percent.

The Chinese economy grew by 6.6 percent last year, according to official numbers released by China's government. That growth matched analyst expectations. However, it was also China's slowest growth pace in 28 years.

Marketwatch


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