Dow dives 700 points as latest data hints at slowing economy

Dow dives 700 points as latest data hints at slowing economy

Wall Street’s main indexes were set for weekly declines on Friday, as fresh data painted a weak picture for the American economy, while UnitedHealth dropped after a report that the Justice Department is investigating the healthcare conglomerate. In afternoon trading, the Dow Jones Industrial Average slumped 704 points, or 1.6%, to 43,472. The S&P 500 dropped 1.4%, and the Nasdaq lost…

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