A Wall Street sign stands outside the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Jan. 8, 2016. The Standard & Poor's 500 Index fluctuated near a three-month low as energy shares followed a retreat in crude, overshadowing early optimism on China's moves to restore calm to its sinking markets and data that showed U.S. payrolls surged more than expected in December.
Bloomberg via Getty Images
By Rodrigo Campos / Rodrigo Campos
January 8, 2016

The S&P 500 and Dow industrials posted their worst 5-day start to a year on record on Friday on continued worries that a slowdown in China could damage the global economy, even as U.S. jobs growth was stronger than expected.

For the day, the Dow Jones industrial average fell 167.65 points, or 1.02%, to 16,346.45, the S&P 500 lost 21.06 points, or 1.08%, to 1,922.03 and the Nasdaq Composite dropped 45.80 points, or 0.98%, to 4,643.63.

The weekly declines on the S&P and Dow, 6% and 6.2%, respectively, were the largest for any week going back to September 2011.

Data from S&P Dow Jones Indices showed the 5-day declines for both indexes were the largest on record to mark the start of the year.

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