Dow Plunges 531 Points Amid Uncertainty
That was a low blow. Stocks plunged for a fourth straight day with oil dropping to a 6 year low of $40 per barrel. Global markets have been feeling the heat from plummeting petroleum and a slumping Chinese economy. The 3.1% drop was the market’s largest since November 9, 2011. The S&P 500 fell across all 10 sectors with technology and energy leading the fall. Nasdaq experienced significant drops as well. In addition to overseas woes, Wall Street analysts are weighing how an interest hike from the Federal Reserve will affect investors at home and abroad.