Stocks plunge: Dow down almost 300, oil tumbles below $28

January 20, 2016 2:39 PM

22 0

Stocks plunge: Dow down almost 300, oil tumbles below $28

Oil is THE story in the early days of 2016. A barrel of U.S. crude briefly dipped below 30 bucks a barrel for the first time since 2003. That matters to both Wall Street and Main Street.

The sell-off that has engulfed global stock markets early in 2016 intensified Wednesday, with oil breaking below $28 a barrel for the first time since 2003, the Dow plunging almost 300 points at the open, Japanese stocks skidding into bear market territory and European shares shedding 3%.

Also read: The OPEC Oil Deal Sells Fake News for Real Money

Read more

To category page

Loading...