U.S. stocks post worst 10-day calendar-year start in history

U.S. stocks ended the day with sharp losses Friday, posting the worst 10-day start to a year in history. A combination of plunging crude-oil prices and worries about slowing growth in the U.S. and China unsettled investors. Stocks trimmed their losses in the last hour of trading, but remained sharply lower. The S&P 500 closed 45 points, or 2.3%, lower at 1,876, with financials, information technology and energy leading the losses. The Dow Jones Industrial Average fell 392 points, or 2.4%, to 15,987. Intel led the Dow industrials lower, down more than 9%. Meanwhile, the Nasdaq Composite ended the day down 127 points, or 2.7%, at 4,488.

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From:: Stock Market News

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