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Dow Jones Drops to Lowest Level Since 2014

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US stock markets suffered big losses on Friday, with the Dow Jones industrial average reaching its lowest level since September 2014. Analysts said the drops were fueled by fears about the health of the Chinese and US economies as well as the continued drop in oil prices, which has fallen by 20% so far in 2016 to below $30 a barrel. The falling oil price and disappointing retail sales data released on Friday have pushed back expectations of when the Federal Reserve will next increase interest rates, following the first rate rise in almost a decade in December.

Added on the 15/01/2016 12:53:30 - Copyright : Wochit

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