S&P 500, Dow industrials see worst ever start to new year
Published: Jan 7, 2016 5:22 p.m. ET
Marketwatch.com
Steep losses during the first four trading sessions of 2016 have marked the worst start to a new year for the S&P 500 and Dow Jones Industrial Average in history.
The S&P 500 SPX, -2.37% lost 100 points, or 4.9% over the past four sessions, closing at 1,943.09 on Thursday, its lowest level since October. The index lost $864 billion of its value over the past four days, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
The Dow Jones Industrial Average DJIA, -2.32% has lost 911 points, or 5.2% in 2016, according to FactSet. On Thursday, the Dow lost 392.41 points, or 2.3%, to 16,514.10, closing 10% below its intraday record in May.
Meanwhile, the Nasdaq Composite COMP, -3.03% fell 146.34 points, or 3%, to 4,689.43, erasing its modest 2015 gain. Over the past four sessions, the tech-heavy index lost 6.35%, its worst start to the year since 2000. All three main indexes are down about 10% from their record highs in May.
http://www.marketwatch.com/story/sp-500-dow-industrials-see-worst-ever-start-to-new-year-2016-01-07-171032210?dist=tcountdown
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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