03:55 GMT28 February 2020
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    The Dow Jones plunged more than 500 points on Friday, the 3% drop was caused by global growth concerns accelerated selling pressure.

    Giant corporations like Apple, Disney, Netflix, and CBS closed down at 7% driven by fears of low price of oil and the Chinese currency devaluation.

    The market has not had a decrease like this since August, 10, 2011 when the index closed 500 points down.

    "Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and it's interpreted indiscriminately," said Tom Digenan, head of US equities as UBS Global Asset Management

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    Tags:
    Chinese economy, oil price, Dow Jones Index, United States
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