Stock Market Plunges in Worst New Year Opening Since 1932

CNBC ^ | 01-04-2016 | Evelyn Cheng

[NRx]

U.S. stocks traded sharply lower Monday, the first day of trade for the year, weighed by renewed concerns of global economic slowdown and increased tensions in the Middle East. The overnight drop in Chinese stocks that triggered a circuit breaker also pressured sentiment.

The Dow Jones industrial average fell more than 450 points in mid-morning trade, down more than 2.5 percent, on pace for its largest percent decline on the first trading day of the year since 1932. The Dow also fell below the psychologically key 17,000 level in intraday trade.

[headstamp 2]

I guess the window dressing is over.

[Awgie]

They are trying desperately to hold off the inevitable bursting of the dam created by Obama. Big stock market and housing bubbles need to be timed to burst upon the first day of the Donald Trump presidency.

[2banana]

Buy the FD!!!!

[rockinqsranch]

"U.S. stocks traded sharply lower Monday, the first day of trade for the year, weighed by renewed concerns of global economic slowdown and increased tensions in the Middle East. one more year of Obama.

[dragnet2]

Bookmark

[GOPJ]

I guess the window dressing is over.

Sure looks that way.

[headstamp 2]

FIAT-Chrysler down 36 bucks.

[Fiji Hill]

"Stocks are low, may get lower;
Times are slow, may get slower..."

--Scrappy Lambert

[headstamp 2]

Ferrari taken public.

[Texas Eagle]

Dammit, Congress! Print more money!

Somebody ping Paul Ryan. Tell him Obola, Boner and Miotch need another couple trillion to prop up their Wall Street cronies.

[petercooper]

3% is not a plunge.

[Texas Eagle]

The day is still young. There's plenty of time for it to go back up.

This has happened quite frequently since 2008.

We're all being taken for a ride.

[Deo volente]

Smith and Wesson is up 6% today.

[factoryrat]

If china’s industrial index crashes, they take out the US economy with it.

[thackney]

3% in a few hours is.

[wally_bert]

Glad I don’t own any.

[petercooper]

Silicom- SILC is up 7% today.

[RoosterRedux]

I don't think this drop is due to anything but the temporary shutdown of Chinese trading.

FWIW, this volatility is going to be a part of the world's markets from here on out.

On a positive note, this is good for Trump and bad for the Democrats and the GOPe.

[editor-surveyor]

.
1% is usually enough to make Keopectate fly off the shelves.