Global markets plunge amid fears over oil prices, China slowdown

January 20, 2016 7:29 PM

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Global markets plunge amid fears over oil prices, China slowdown

Queasy investors sent global markets plunging again Wednesday, stomping out recent meager gains and spotlighting fresh worries over cratering oil prices and slowing international growth.

The Dow Jones industrial average, which tracks 30 companies, collapsed 2.3 percent to about 15,640, dropping at its steepest more than 500 points. The Standard & Poor’s 500 index, a broader look at the market, crumbled 2 percent, and the tech-heavy Nasdaq Composite fell 1 percent.

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