•Stocks fell sharply on Friday after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown.

The Dow Jones Industrial Average fell 496.87 points to 24,100.51, its lowest level since early May, led lower by declines in Apple and Johnson & Johnson. For the year, the Dow is now down 2.5 percent.

The S&P 500 dropped 1.9 percent to 2,599.95 — its lowest closing level since April — as the tech and health care sectors lagged. The broad index also closed down 2.75 percent for 2018.

The Nasdaq Composite pulled back 2.26 percent to 6,910.66. For the year, the tech-heavy index is now up just 0.11 percent. Friday’s losses also wiped out the gains for the week across the major indexes.

Friday also marked the first time since March 2016 that all major indexes closed in a correction, down at least 10 percent from their 52-week highs.

• China reported industrial output and retail sales growth numbers for November that missed expectations. This is the latest sign shown by China that its economy may be slowing down. The data also underscored the rising risks to China’s economy as Beijing works to resolve an ongoing trade war with the U.S.

• Industrial production in China grew by 5.4 percent for November on a year-over-year basis, the slowest pace in almost three years. Retail sales, meanwhile, grew at their slowest rate since 2003.

• European shares also fell after the release of weaker-than-forecast data. The IHS Markit Flash Eurozone PMI index fell to 51.7 in December, its lowest level in four years. “New business inflows almost stalled, job creation slipped to a two-year low and business optimism deteriorated,” IHS Markit said in a release.

• European stocks closed lower Friday as weaker-than-expected economic data heightened concerns of a slowdown in global economic growth.

The pan-European Stoxx 600 closed provisionally down 0.63 percent, with almost all sectors and major bourses in negative territory.

• Stocks in Asia were trading cautiously in morning trade on Monday following a report suggesting further turmoil for the markets in 2019, and after a Wall Street sell-off on Friday.

The Nikkei 225 in Japan rose 0.47 percent while the Topix index in Japan saw gains of about 0.20. Shares of conglomerate Softbank fell around 1.11 percent ahead of the anticipated public listing of its mobile unit on Dec. 19. South Korea's Kospi was trading lower by about 0.15 percent.

Meanwhile, Australia's ASX 200 was trading at around 0.03 percent higher, with the sectors in mixed territory.

Reference: CNBC