Midday Update: Stocks Plummet Following New Chinese Trading Restrictions, More Greece Worries

April 17, 2015 5:03 PM

64 0

U.S. stocks tumbled from the beginning of Friday trading amid investor worries over new stock market restrictions in China, more signs Greece could soon default on its sovereign debt and sub-par quarterly results by General Electric ( GE ), American Express ( AXP ) and Honeywell ( HON ) demonstrating the detrimental impact of a rising U.S. dollar on multi-national companies.

All but one of the 30 component stocks in Dow Jones Industrial Average were in the red today, sending the blue-chip index over 200 points lower and challenging support at its 100-day moving average.

Also read: After law change, Greek medicinal users hope to enter cannabis business

Read more

To category page