Business Standard

Wall St plunges; Nasdaq at lowest since August

A plunge in oil prices sent US stocks sharply lower at the open on Friday

A specialist trader works at his post on the floor of the New York Stock Exchange in New York

A specialist trader works at his post on the floor of the New York Stock Exchange in New York

Reuters

A plunge in oil prices sent U.S. stocks sharply lower at the open on Friday, with the Nasdaq falling over 3 percent to its lowest since Aug. 24 and S&P 500 less than 30 points away from its August lows.

The Dow Jones industrial average fell 159.22 points, or 0.97 percent, to 16,219.83.

The S&P 500 lost 24.49 points, or 1.27 percent, to 1,897.35 and the Nasdaq Composite index dropped 146.07 points, or 3.17 percent, to 4,468.94.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 15 2016 | 8:07 PM IST

Explore News