Stock Market Slides Again for Its Worst Two-Week Start Ever
Never before has Wall Street gotten off to a worse start to a year. The stock market capped the first two weeks of 2016 with a steep slide Friday that sent the Dow Jones industrial average down nearly 400 points. All three major stock indexes — the Dow, the Nasdaq composite and the Standard & Poor’s 500 — are now in what’s known as a correction, or a drop of 10 percent or more from their recent peaks. The market has been on a...
Biotech, Commodities Lead Dow Retreat
New York — U.S. stocks fell Friday, with the Dow Jones industrial average posting its worst week since January, as biotechnology shares slumped and raw-material producers sank amid fresh signs of a slowdown in China. Biogen lost 22 percent after cutting its 2015 earnings forecast. Raw-material and energy shares in the Standard & Poor’s 500 index fell at least 1.9 percent. Amazon surged 9.8 percent, while Visa Inc. gained 4.3...
