Dow Jones: Drops 0.69% Taking A Beating On Global Growth Concerns
ICM Brokers | Oct 13, 2014 02:31AM ET
Dow Jones
At the close of U.S. trading, the Dow 30 fell 0.69%.U.S. stocks tumbled on Friday, with the Dow Jones giving back 2014's gains amid a tech sell off and concerns a global slowdown will water down U.S. earnings. U.S. stocks drop on tech sell off, global growth woes; Dow drops 0.69% Stocks take a beating on global growth concerns, semiconductor maker's profit warning Wall Street stocks continued to take a beating on fears softening European and Asian economies could slow U.S. business concerns overseas. In the U.S. earlier, data revealed that import prices fell 0.5% in September from August, better than market calls for a 0.7% contraction, though still a decline nonetheless, a sign a stronger dollar and a softer global economy could hurt U.S. businesses with overseas exposure. Leading Dow Jones Industrial Average performers included Coca-Cola Enterprises Inc (NYSE:CCE) up 1.39%, Procter & Gamble Company (NYSE:PG), up 1.23%, and Walt Disney Company (NYSE:DIS), up 0.67%.
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