U.S. equity markets closed a volatile session in sharply negative territory Thursday as fears were reignited about slower growth in China, and global currencies.
The Dow Jones Industrial Average tumbled 2.32% to 16513. The S&P 500 dropped 47 points, or 2.37% to 1943, while the Nasdaq Composite lost 145 points, or 3.03% to 4689.
All 10 S&P 500 sectors were in negative territory as technology and materials plunged more than 2%.
Fears over China’s growth and currency devaluation ricocheted through global markets on Thursday before regulators stepped in to try and calm frayed nerves. Their efforts, though, were short lived.
And everybody just keep whistling past the Graveyard.