Dow Sinks 500 Points in Global Equity Rout as Crude Falls to $30

January 15, 2016 5:41 PM

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Stocks fell around the world, with U.S. equities headed for the lowest since August, and bonds jumped as oil’s plunge past $30 sent markets reeling. Treasuries extended gains as U.S. data and earnings did little to calm nerves frayed by concern that global growth is slowing.

The Dow Jones Industrial Average sank more than 450 points, European stocks fell into a bear market and the Shanghai Composite Index wiped out gains from an unprecedented state-rescue campaign as global equities added to the worst start to a year on record. Oil plunged past $30 a barrel as Iran prep...

Also read: U.S. Stocks Mixed After Jobs Report; Global Shares Down

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