Snapshot: Fear a big factor for investors at moment


Investor fears about slowing economic growth in China, US corporate earnings, and monetary policy here and in Europe resulted in a two-day rout in global markets, capped by a 318-point drop in the Dow Friday. It was the index’s worst day since last June. Despite the sell-off, US stocks remain near record highs after surging 30 percent last year. US stocks have not endured a correction — a drop of 10 percent or more over time — since October 2011. The turbulence coincides with a global economic shift: China and other emerging market economies appear to be hitting trouble just as the US and European economies finally show signs of renewed strength.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.