Fears over slowing global growth hammered stocks in the US and Europe on Friday and lifted prices of government bonds and other assets seen as safer bets. The Dow Jones industrial average ended down 290.16 points, or 1.7 per cent, to 16,384.58. The S&P 500 slumped 32.17 points, or 1.6 per cent, to 1,958.03 and the Nasdaq composite shed 66.72 points, or 1.4 per cent, to 4,827.23. Among US stocks making big moves, JPMorgan Chase fell $1.71, or 2.7 per cent, to $60.94. Citigroup slumped $1.36, or 2.6 per cent, $50.29. La Quinta plunged $2.92, or 15 per cent, to $16.05. The benchmark 10-year Treasury note gained, pushing down its yield to 2.13 per cent. In metals trading, the price of gold rose $20.80 to $1,137 an ounce. Silver climbed 17.9 cents to $15.16 an ounce and Copper fell 6.6 cents to $2.39 per pound. US oil dropped $2.22, or 4.7 per cent, to $44.68 per barrel. Brent crude, the global benchmark, fell $1.61, or 3.3 per cent, to $47.47 per barrel in London. Wholesale gasoline fell 2 cents to $1.356 per gallon. Heating oil slipped 3.9 cents to $1.491 per gallon. Natural gas fell 4.7 cents to $2.605 per 1,000 cubic feet, according to AP.
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