Wall Street sinks as Turkey crisis drags down banks

NEW YORK (OnNewsToday) – U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered concerns that it could spread to other global economies.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid

The Dow Jones Industrial Average .DJI fell 196.02 points, or 0.77 percent, to 25,313.21, the S&P 500 .SPX lost 20.31 points, or 0.71 percent, to 2,833.27 and the Nasdaq Composite .IXIC dropped 52.67 points, or 0.67 percent, to 7,839.11.

Reporting by Caroline Valetkevitch; Editing by Phil Berlowitz

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