Major U.S. stock-indexes moved deep into the red in volatile trading on Wednesday, extending this year's selloff as oil prices continued to plummet unabated. U.S. crude prices sank 6.3% and Brent crude fell 5.5% as a supply glut bumped up against bearish financial news that deepened worries over demand. Besides collapsing oil prices, fears of a slowdown in China, the world's second-largest economy and a key market for U.S. companies, has also weighed on equities and commodities, leading to turbulent start to the year on Wall Street.
All Dow stocks in negative area (30 of 30). Top looser - Chevron Corporation (CVX, -6,77%).
All S&P sectors also in negative area. Top looser - Basic Materials (-5,5%).
At the moment:
Dow 15378.00 -535.00 -3.36%
S&P 500 1804.50 -68.50 -3.66%
Nasdaq 100 3984.25 -160.25 -3.87%
Oil 27.58 -1.99 -6.73%
Gold 1107.10 18.00 1.65%
U.S. 10yr 1.96 -0.08