US stocks tumble on as growth worries rattle investors

Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

(Close): After rising strongly on Wednesday in the wake of the latest Fed minutes, US stocks fell sharply on Thursday.

The return of worries over global growth prospects, following more weak data from Germany, pushed the Dow Jones down 334.97 points to 16,659.25.

That was the worst point loss this year for the Dow.

The S&P 500 index also fell 40.68 points to 1,928.21 while the Nasdaq plunged 90.26 points to 4,378.34.

Shares in Gap dived over 12% after it reported disappointing sales figures.

Gap said like-for-like sales in September were unchanged, and also said its chief executive, Glenn Murphy, would be stepping down in February.

Apple shares rose slight by 0.22% to $101.67 after activist investor Carl Icahn wrote an open letter to the company urging it to step up its share repurchase programme.

"We believe Apple is dramatically undervalued in today's market, and the more shares repurchased now, the more each remaining shareholder will benefit," Mr Icahn said in a letter.