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Dow plunges 391 points as fear grips markets
The market freakout of 2016 keeps getting scarier. Cheap oil and China remain the major culprits. The Dow dropped another 391 points on Friday, leaving the index down an incredible 1,437 points in just the first two weeks of the year. The S&P 500 lost 2.3% and the Nasdaq plunged 2.7% to its lowest level since October 2014. The wave of selling dashes hopes that Wall Street's panic attack was over. The Dow had jumped 228 points on Thursday, its best day since early December. "The sentiment is dominated by fear. Ahead of a long weekend, no one wants to be exposed," said Sam Stovall, managing director of U.S. equity ... (full story)
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