Dow drops over 200 points on global fears

August 20, 2015 4:53 PM

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Dow drops over 200 points on global fears

All the major indexes are in the red. The S&P 500 is down 1%, the Nasdaq dropped 1.7% and the Dow fell over 220 points. It's a worrisome sign when other global stock markets, such as the U.K.'s benchmark index, entered a correction -- a 10% drop from its peak in just four months. The Dow is down 6% from its peak in May.

China's economic slowdown and currency devaluation have investors worried that things could get worse as the year goes on.

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