Wall Street plummeted as the S&P 500 touched its lowest since October 2014 and US oil prices plunged to 2003 troughs.
US crude slid 6.6% as a supply glut affected bearish financial reports, aggravating woes over demand. But a bounce in US oil prices helped counter losses in stocks.
The Dow Jones Industrial Average closed at 15,766.74 points, down 1.56%. The Nasdaq Composite ended at 4,471.69, down 0.12%. The S&P 500 settled at 1,859.33, down 1.17%. Also, the CBOE volatility index was at 27.59, up 5.9%.
The material has been provided by InstaForex Company – www.instaforex.com