Oil Prices Drive Stocks Rout: Dow Briefly Dives More Than 500 Points

January 15, 2016 6:17 PM

26 0

A fresh plunge in oil prices after a one-day rally sent U.S. stock markets sharply lower on Friday, with the Dow Jones industrial average briefly declining more than 500 points before recovering slightly.

At 1 p.m. ET, the Dow was down 456.41 points, or 2.79 percent; the Standard & Poor's 500 index was off 53.12 points, or 2.76 percent, and the Nasdaq Composite Index was 162 points in the red, or 3.56 percent.

Also read: Japan exports, imports surge in sign of renewed vigor

Read more

To category page

Loading...