Markets Move Sharply Lower as Oil Prices Waver
A bad start to 2016 for the stock market got even worse.Stocks plunged Wednesday, bringing the widely watched Standard & Poor’s 500-stock index down 10 percent from its November peak. The last time the market had a decline that big, known as a correction on Wall Street, was last August.Energy and consumer stocks bore the brunt of the selling. With crude oil trading near $30 a barrel, many fear more oil and gas companies will go bankrupt.Netflix and Amazon, the market’s two biggest winners la..>> view original
Wednesday, January 13, 2016
Markets Move Sharply Lower as Oil Prices Waver and other top stories.
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