Stock markets plunge on global slowdown worries

Wall Street — (Image credit: Getty Images)

The Dow Jones Industrial Average on Friday fell 500 points, continuing a two-day slide in stocks triggered by concerns about a global economic slowdown. The main cause for investor concern is weakness in China's economy, which powers a good chunk of the worldwide economy. The S&P 500, a larger index, fell below 2,000, rounding out its worst week since 2011.

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Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.