Sell-Off in Global Markets Continues Into Second Day

August 21, 2015 2:32 PM

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Sell-Off in Global Markets Continues Into Second Day

A broad sell-off in global markets continued for a second day on Friday as Asian, American and European stocks fell amid new signs of a worsening economic slowdown in China.

As of midday, the Standard & Poor’s 500-stock index was down 1.8 percent and had dipped below the psychologically significant 2,000 mark. The Dow Jones industrial average was down about 290 points and the Nasdaq was off about 2 percent.

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