The Dow Jones Industrial Average plummeted more than 700 points on Wednesday as new concerns arose over data on global economic growth. The tumble followed a series of concerning economic indicators from Germany and China, signaling renewed recession fears in the global economy.
The Dow Jones Industrial Average plummeted more than 700 points on Wednesday as new concerns arose over data on global economic growth.
The tumble followed a series of concerning economic indicators from Germany and China, signaling renewed recession fears in the global economy. But new data from China indicated Wednesday that the country's factory output of goods, retail spending and investment weakened in July. With just hours left before the closing bell at the New York Stock Exchange, the Dow appeared to be headed to its second largest single-day dip this year.
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