Wall Street tumbles to 2014 low as oil prices sink

January 20, 2016 4:11 PM

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(Reuters) - Wall Street's recent selloff deepened on Wednesday, with the S&P 500 closing at its lowest in over a year as U.S. oil prices plummeted to 2003 lows.

The equities rout was widespread, hitting nine of the 10 major S&P sectors. The small-cap Russell's 2000 index fell 3.6 percent before reversing its loss late in the session.

Also read: European stock gains tempered by oil concerns

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