S&P 500 suffers its worst day since September as new data showing American fuel stockpiles acquire hit record levels saw Brent crude descend to below $30 a barrelUS stocks fell heavily on Wednesday,with the Standard & Poor’s 500 falling 2.5% to prefer the index below 1900 points for the first time since September, due to growing concerns about the falling oil price, and which dipped below $30 a barrel for the first time in nearly 12 years. The S&P 500,which closed at 1890 points, suffered its worst day since September and has fallen by 10% since its November peak taking it into “correction” territory, and something that has not happened since August 2014. Continue reading...
Source: theguardian.com