08/04/2014 08:11 EDT | Updated 08/04/2014 08:18 EDT

Stock Market Selloff Likely To Continue This Week (VIDEO)

The Dow Jones closed out Friday with the worst weekly performance in two years and the TSX saw its biggest decline since May, but the bloodshed likely isn't over yet.

More steep declines are expected on markets this week. The selloff is likely due to fears the U.S. Federal Reserve could raise interest rates sooner than expected. See video above for more details.