The Dow Jones Industrial Average capped the worst week since 2011, finishing with a 100-point lurch in the final half-hour of trading, as equities tumbled around the world after crude extended declines below $58 a barrel. Treasuries rose and the dollar fell on concern inflation is slipping.
The Dow fell 1.8 percent at 4 p.m. in New York and the Standard & Poor’s 500 Index dropped 1.6 percent. The 30-stock gauge lost 3.8 percent for the week while the S&P 500 tumbled 3.5 percent, its worst performance in more than two years. West Texas Intermediate crude lost 3.6 percent to $57.81 a barrel. The Stoxx Europe 600 Index capped a 5.8 percent slide for its worst week in three years. Brazil’s Ibovespa equity benchmark entered a bear market. Ten-year Treasury note yields dropped to an eight-week low.