(CNBC) Stocks fell sharply on Friday after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown.
The Dow Jones Industrial Average fell 496.87 points to 24,100.51, its lowest level since early May, led lower by declines in Apple and Johnson & Johnson. For the year, the Dow is now down 2.5 percent.
The S&P 500 dropped 1.9 percent to 2,599.95 — its lowest closing level since April — as the tech and health care sectors lagged. The broad index also closed down 2.75 percent for 2018.
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