Stocks sink on first day of 2016 on China, Mideast worries
NEW YORK - It was a gloomy start to the new year on Wall Street as stocks sank as part of a global sell-off.
Investors worried about new signs of a slowdown in China and a flare-up in tensions between Saudi Arabia and Iran. That sent the price of oil on another wild ride.
The Dow Jones industrial average clawed back the worst of an early decline but still ended with its worst loss in two weeks.
The Dow slumped 276 points, or 1.6 percent, to 17,148. It was down 468 earlier.
The Standard & Poor's 500 index lost 31 points, or 1.5 percent, to 2,012. The Nasdaq composite fell 104 points, or 2.1 percent, to 4,903.
China's main index plunged nearly 7 percent, triggering a trading halt, after manufacturing slumped again.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Officials to update locals with more on rollout of J&J vaccine in...
Analysis: How effective is Johnson & Johnson's new COVID vaccine?
Sunday Journal- Lent at St. Joseph Cathedral
State officials push African-American community to get vaccinated in Ascension Parish
BRG to receive largest Pfizer vaccine shipment this week