U.S. stocks plunge in first morning of 2016 trading

January 4, 2016 2:47 PM

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Shares on Wall Street plunged in the first minutes of trading Monday, following sharp losses in China and Europe.

U.S. stocks started 2016 with their biggest intra-day selloff since September 2015. The Dow dropped 389 points, or 2.2 percent, to 17,036 at 10:11 a.m. ET. The S&P 500 shed 2.1 percent, or 44 points to 2,000 and the Nasdaq fell 2.8 percent, or 139 points to 4,869.

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