Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 3 Share on Twitter Printer Friendly Page More Sharing
General News    H3'ed 1/15/16

Oil Prices Drive Stocks Rout: Dow Sheds Nearly 400 Points

Follow Me on Twitter     Message Sheila Samples
Become a Fan
  (49 fans)
Dow plummets
Dow plummets
(Image by Twitter User gcain63)
  Details   DMCA

Plunging oil prices pounded U.S. stock markets again on Friday, with the Dow Jones industrial average closing down nearly 400 points, or more than 2 percent, and the other indices taking similar beatings. The Dow closed down 390.90 points, or 2.39 percent. The Standard & Poor's 500 index and Nasdaq Composite both also lost more than 2 percent of their value, with the former shedding 41.55 points, or 2.16 percent, and the latter closing down 126.59 points or 2.74 percent. Oil prices, which provided the markets with a respite by rallying on Thursday, were again the catalyst for sellers on Friday, as fears grew that Iranian oil would add to the worldwide glut. Earlier the Dow had been down nearly 537 points.
Read the rest of the story HERE:

At www.nbcnews.com

 

Rate It | View Ratings

Sheila Samples Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): ; ; ; , Add Tags
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: