U.S. stocks began 2016 sharply lower on Monday, with the Dow marking its worst start to a year since 2008, after weak Chinese economic data fanned fears of a global slowdown.
Indexes partly recovered late in the session, following a turnaround in oil prices that caused energy shares to cut losses. At its low for the day, the Dow was down 467 points and was headed for its worst first-day percentage drop since 1932.
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech15
13:48 Wells Fargo Profit Falls 5.4% as Mortgage Revenue Declines24
13:16 Wells Fargo earnings: 96 cents per share, vs. expected EPS of $122
10:27 India's Tata Consultancy third-quarter net up 10.9 percent, beats estimates20