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Home International Markets

US stocks tumble at end of trade, Dow Jones falls 212.33pts

byCustoms Today Report
12/08/2015
in International Markets
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LONDON: Stocks closed lower Tuesday after an unexpected devaluation of the yuan by China’s central bank sparked concern that the move could weaken the U.S. economy. The Dow Jones Industrial Average DJIA, -1.21% fell 212.33 points, or 1.2%, to finish at 17,402.84, after being down nearly 263 points. The S&P 500 Index SPX, -0.96% shed 20.11 points, or 1%, to close at 2,084.07, after being down nearly 28 points earlier. The Nasdaq Composite Index COMP, -1.27% finished down 65.01 points, or 1.3%, at 5,036.79, recovering from an 88-point deficit earlier in the session.

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