The Dow Jones Industrial Average shed 1.2 percent to end the week at 24,688.31, while the broad-based S&P 500 fell 1.7 percent to 2,658.69, taking its weekly loss to about 3.5 percent. The Dow and S&P wiped out all of their gains for the year in this volatile trading week, which saw markets react to concerns about rising interest rates, the impact of US trade conflicts as well as geopolitical tension.
The Dow Jones Industrial Average shed 1.2 percent to end the week at 24,688.31, while the broad-based S&P 500 fell 1.7 percent to 2,658.69, taking its weekly loss to about 3.5 percent. The Dow and S&P wiped out all of their gains for the year in this volatile trading week, which saw markets react to concerns about rising interest rates, the impact of US trade conflicts as well as geopolitical tension.