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2016 Stocks Open at Record Low

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The US Stock Markets were suffering from a severe case of the Monday Blues this week after stock markets opened at their lowest in decades. In afternoon trading, the Dow Jones Industrial Average was down more than 2% and after opening down at 2.5%. This is the worst opening for a new year since 1922 when the markets closed down 2.3% on the first day of trading after the holidays. The rough numbers can be attributed to trouble in Chinese financial markets and added unrest in the middle east. In China, manufacturing numbers shrank for the tenth month in a row. This meant that the Shanghai Composite Index was down 6.9%.

Added on the 04/01/2016 16:01:29 - Copyright : Wochit

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