Dow Has Worst Four-Day Start to a Year on Record
Thursday, January 7, 2016 16:20
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The global market freakout of 2016 just got worse.
by Matt Egan
CNN Money
The latest scare came on Thursday as China’s stock market crashed 7% overnight and crude oil plummeted to the lowest level in more than 12 years.
The Dow dropped 392 points on Thursday. The S&P 500 fell 2.4%, while the Nasdaq tumbled 3%.
The wave of selling has knocked the Dow down 911 points, or more than 5% so far this year. That’s the worst four-day percentage loss to start a year on record, according to FactSet stats that go back to 1897. The Nasdaq, down over 6% in 2016, is off to its bleakest start since 2000.
“Investors have started the new year in panic mode,” said Ed Yardeni, president of investment advisory Yardeni Research.
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Source: http://financialsurvivalnetwork.com/2016/01/dow-has-worst-four-day-start-to-a-year-on-record/?utm_source=rss&utm_medium=rss&utm_campaign=dow-has-worst-four-day-start-to-a-year-on-record
