Dow pares losses to 330 points as gloomy start to '16 persists

January 15, 2016 3:28 PM

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Dow pares losses to 330 points as gloomy start to '16 persists

The market storm that has engulfed Wall Street to start 2016 is again taking aim at stock investors, with the Dow down more than 300 points after tumbling 435 points earlier, as increasingly jittery traders react to the latest swoon in oil prices and another big selloff in Chinese stocks overnight.

In a replay of other big down days so far in the new year, yesterday's rebound on Wall Street turned out to be short-lived, as a nearly 6% slide in U.S. produced crude sent prices back down below the key $30 a barrel level. Adding to investor angst was another big stock market slide in mainland Chin...

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