Business

Fears over China, Greece hammer U.S. stocks for 2nd day

By BERNARD CONDON, AP Business Writer
Trader Glenn Kessler, left, and specialist Robert Nelson work on the floor of the New York Stock Exchange, Friday, Aug. 21, 2015. U.S. stocks are falling sharply for a second day as investors in major markets around the world head for the exits on growing evidence that China's economy is slowing.
Trader Glenn Kessler, left, and specialist Robert Nelson work on the floor of the New York Stock Exchange, Friday, Aug. 21, 2015. U.S. stocks are falling sharply for a second day as investors in major markets around the world head for the exits on growing evidence that China's economy is slowing. Richard Drew AP

NEW YORK (AP) – The Dow Jones industrial average is down 400 points in afternoon trading as the market sell-off accelerates.

The plunge is being driven by fears about China’s slowing economy, which is also driving oil to below $40 per barrel for the first time since the financial crisis.

This story was originally published August 21, 2015 at 6:01 PM with the headline "Fears over China, Greece hammer U.S. stocks for 2nd day."

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