The global market freakout of 2016 just got worse.
The latest scare came on Thursday as China's stock market crashed 7% overnight and crude oil plummeted to the lowest level in more than 12 years.
The Dow dropped 392 points on Thursday. The S&P 500 fell 2.4%, while the Nasdaq tumbled 3%.
The wave of selling has knocked the Dow down 911 points, or more than 5% so far this year. That's the worst four-day percentage loss to start a year on record, according to FactSet stats that go back to 1897. The Nasdaq, down over 6% in 2016, is off to its bleakest start since 2000.
http://money.cnn.com/2016/01/07/investing/stocks-markets-dow-china/
The latest scare came on Thursday as China's stock market crashed 7% overnight and crude oil plummeted to the lowest level in more than 12 years.
The Dow dropped 392 points on Thursday. The S&P 500 fell 2.4%, while the Nasdaq tumbled 3%.
The wave of selling has knocked the Dow down 911 points, or more than 5% so far this year. That's the worst four-day percentage loss to start a year on record, according to FactSet stats that go back to 1897. The Nasdaq, down over 6% in 2016, is off to its bleakest start since 2000.
http://money.cnn.com/2016/01/07/investing/stocks-markets-dow-china/