Markets Right Now: US stocks slump on day of wide swings
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4:00 p.m.
Stocks are slumping for a second straight day as the market endures its most volatile stretch since February.
The Dow Jones industrials fell 545 points, or 2.1 percent, to 25,052.83 and the benchmark S&P 500 dropped 57 points, or 2.1 percent, to 2,728.37. Both indexes have fallen more than 5 percent the past two days.
This marks the sixth straight day of losses for the market, which has been rattled by rising interest rates, signs of a slowdown in the global economy and the U.S.-China trade dispute.
All of those factors could threaten the impressive profits Corporate America has been reporting this year.