Wall St tumbles on global slowdown concern

The S&P 500 tumbled to a more than six-month low on Thursday, closing in negative territory for the year, on concern a decelerating Chinese economy will translate into slower global growth. The Dow Jones industrial average fell 358.04 points, or 2.06 per cent, to 16,990.69, the S&P 500 lost 43.88 points, or 2.11 per cent, to 2,035.73 and the Nasdaq Composite dropped 141.56 points, or 2.82 per cent, to 4,877.49. The drops in the S&P 500 and Dow were the largest daily percentage declines since Feb. 3, 2014, while the Nasdaq fell the most since April 10, 2014. Disney slumped 6 per cent to $100.02 and Time Warner fell 5 per cent to $73.90. Apple fell 2.1 per cent to $112.65. One bright spot in tech stocks was NetApp, up 3.4 per cent to $30.78, according to Reuters.

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