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Chicago Board Options Exchange
Dow plunges 312 points as oil price drop pummels energy stocks
Dow plunges 312 points as oil price drop pummels energy stocks

U.S. stocks sank, with the Standard & Poor’s 500 Index capping its biggest weekly drop in two-and-a-half years, as oil continued to slide and Chinese industrial data raised concern over a global economic slowdown. The Dow Jones Industrial Average sank 312.04 points, or 1.8%, to 17,284.3. The Dow slid 3.8% in the week, its biggest decline in three years. The S&P 500 lost 1.6% to 2,002.59 at 4 p.m. in New York, extending losses in the final hour to cap a weekly loss of 3.5%. Trading in S&P 500 companies was 22% above the 30-day average for this time of the day. “People are still nervous about the oil price and the European situation is worrisome,” John...

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