Dow Down 63, Nasdaq Down 14
U.S. stocks dropped in afternoon trading Thursday on further evidence that global growth is slowing. The Dow Jones industrial average lost 63 points, or 0.4%, to 16,216. The Nasdaq composite fell 14 points, or 0.3%, to 4,738.
Stocks Slump After Fed’s Rate Decision
Stocks dropped Friday afternoon in response to the Federal Reserve’s decision not to raise interest rates, a move investors interpreted as a sign that the global economy is weak. The Down Jones industrial average dropped 279 points, or 1.7%.