The Dow Jones Falls More Than 500 Points Amid Concerns Over The Global Economic Slowdown

The Dow Jones Industrial Average fell more than 500 points on Wednesday, equivalent to a loss of 1.9% after a 1.3% decrease a day earlier amid news worrying about the global economic slowdown, reports ABC News .

Concerns over a global economic slowdown increased this week after the Institute for Supply Management reported that the US manufacturing index last month. It has been at its lowest level since June 2019, according to The Wall Street Journal.

Among the actions of the most affected companies are, above all, those of large industrial and technological companies. The American airline Delta Air Lines lost almost 7% in its quotation, at the same time that the manufacturer of aluminum parts Arconic fell 4%. Similarly, Apple and Google had losses of more than 2%.

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During this same day the main European exchanges closed with a sharp drop of 3%, motivated by concerns about the state of the US economy. Apparently, the crash responds to investors' fear of an economic downturn.

Serious problems for the global economy

A report presented in September by the Organization for Economic Cooperation and Development (OECD) warned that the global economy is facing serious problems and that slow growth "is consolidating in a worrying way." As main causes he pointed to the commercial war between the United States. and China, the fear of a Brexit without agreement and the economic recession that Germany suffers.

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