NEW YORK — Stocks are tumbling around the world on more signs of economic weakness.
In the U.S., the government says more people filed for unemployment benefits last week than were expected. And there are signs that inflation is rising — consumers paid more last month for gasoline, food and clothes.
The Dow Jones industrial average at one point was down more than 500 points. It’s now down 436 at 10,973. All the major market indexes are down more than 4 percent.
Asian markets started the worldwide drop. Japan’s Nikkei 225 index fell 1.3 percent after the country said its exports fell 3.3 percent in July from a year earlier.
Thursday’s drop in stocks marks a return to the volatility that sent the market plunging the first two weeks of August.