WallStreet tumbles on global growth worries, J&J decline

The DowJones Industrial Average fell 496.87 points, or 2.02 percent, to 24,100.51, 10 percent below its Oct. 3 closing high.

Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos.

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Posted in: Indian Market Tips