Dow down nearly 556 points, more than 4% lower for week

It's the worst start to December since 2008, and it's due to fears that the U.S. economy could face a slowdown in 2019.
1:53 | 12/07/18

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Transcript for Dow down nearly 556 points, more than 4% lower for week
And tonight, after turmoil all week on Wall Street, the do you -- Dow falling 558 points, and more than 1,000 for the week. 155,000 new jobs in November, but that was slightly lower than expected. Rebecca Jarvis, on Wall Street tonight. Reporter: Tonight, an ugly end to a wild week on wall Street. The Dow, down nearly 560 points today. More than 4% lower for the week. The worst start to December since 2008. At issue, fears the U.S. Economy could be facing a slowdown next year. And worries a prolonged tariff fight with China will harm American businesses and consumers. We'll be discussing trade. Reporter: Coming out of president trump's meeting with China's president XI at the g-20 summit, initial optimism over that 90-day tariff truce giving way to uncertainty after mixed signals from the white house. The president tweeting, I'm a tariff man. But also that his team is working to see if a deal is actually possible. We are one tweet away from the market going up 1,000 points or down 1,000 points. Reporter: For the typical 401(k), the year's earlier gains, now wiped out. If you started 2018 with a $10,000 nest egg in stocks, today you'd have about $150 less. Rebecca, these wild swings could eventually impact just about everyone, right? Reporter: That's right. Think about it like this. These wild swings impact consumer confidence, how we spend our money. Which has a ripple effect on the economy and jobs. Even if you don't have a penny invested in stocks right now, it still hits your bottom line in the long run. Thank you. We turn next to the dangerous storm system barreling

This transcript has been automatically generated and may not be 100% accurate.

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