Dow plummets as oil prices sink

January 15, 2016 8:07 PM

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The Dow Jones Industrial Average was down more than 500 points in midday trading Friday, falling below 16,000, as oil prices sank below $30 a barrel.

The index recovered slightly but was still down more than 350 points at 3 p.m.

Also read: Stocks mixed after Treasury Secretary points to significant tax reform; industrials lag

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