NEW YORK: The market sell-off took on an especially nasty tone Friday as stocks dropped for a fourth straight day with the Dow plunging more than 500 points and dropping into correction territory and oil setting a new 6 1/2-year low as it dipped below $40 a barrel.
Global markets have come under pressure this week on growing concerns about a slowing Chinese economy and slumping oil prices. Fresh data from China Friday showing weaker manufacturing added to the worries.
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