Thursday,  December 12 , 2024

Linkedin Pinterest
News / Business

Stock slide accelerates, oil plunges below $30 a barrel

By ALEX VEIGA, Associated Press
Published: January 15, 2016, 9:54am

Energy and financial companies led a broad decline for U.S. stocks in midday trading Friday as the slump in the price of oil worsened, pulling crude below $30 a barrel. The Dow Jones industrial average was down more than 400 points, extending its losses for the year. Discouraging data on retail sales and manufacturing also weighed on the market.

Thank you for reading The Columbian.

Subscribe for only $99/year to get unlimited access.

Already a subscriber? Sign in right arrow icon

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...