U.S. stocks suffered their worst losses in four years at the end of a bruising week, as growing concern about China’s economy pushed shares in the U.S. and Europe into what money managers call a correction.
The Dow Jones Industrial Average finished the day down 10.1% from its May record, crossing the 10% threshold that typically defines a correction. The U.S. blue-chip stock average hadn’t had a correction since 2011.
It's important to note that big sell-offs occur all the time, even during years when the markets are surging.
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