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Stocks Continue Steep Downward Slide
Traders work on the floor of the New York Stock Exchange (NYSE) on January 13, 2016 in New York City. The Dow Jones industrial average fell over 350 points today as markets continued to react to falling oil prices and the uncertainty in the economic outlook in China.
Spencer Platt—Getty Images

U.S. stocks sank on Wednesday, pushing the S&P 500 below 1,900 for the first time since September and extending the year's sharp selloff, on nervousness over tumbling oil prices and U.S. earnings.

The Dow Jones industrial average fell 364.6 points, or 2.21%, to 16,151.62, the S&P 500 lost 48.38 points, or 2.5%, to 1,890.3 and the Nasdaq Composite dropped 159.85 points, or 3.41%, to 4,526.07.