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Economy Alert: Dow sheds more than 500 points on weaker economic outlook for China

Signs that China's economy may be slowing reverberated through global financial markets Friday. All 11 sectors in the Standard & Poor's 500-stock index were down, with health and technology leading the way. The Dow and S&P were on pace for their worst quarter in seven years. The retreat came on steep losses in Asia, where the Japanese Nikkei 225 dropped 2 percent, the Hang Seng in Hong Kong dropped 1.6 percent and the Shanghai Composite was down 1.5 percent.
 
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Economy Alert Dec 14, 2:46 PM
 
 
Dow sheds more than 500 points on weaker economic outlook for China

Signs that China's economy may be slowing reverberated through global financial markets Friday. All 11 sectors in the Standard & Poor's 500-stock index were down, with health and technology leading the way.

The Dow and S&P were on pace for their worst quarter in seven years. The retreat came on steep losses in Asia, where the Japanese Nikkei 225 dropped 2 percent, the Hang Seng in Hong Kong dropped 1.6 percent and the Shanghai Composite was down 1.5 percent.

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