New turmoil as global markets plunge on oil, China fears

January 20, 2016 4:36 PM

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New turmoil as global markets plunge on oil, China fears

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

The Dow Jones industrial average slid 2.7 percent, to 15,584, in the first hours of trading. The broader Standard & Poor’s 500 index opened down 2.7 percent, and the tech-heavy Nasdaq Composite fell 2.8 percent.

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