Dow ends day down 248 points while slumping oil price and gloom at Davos sends FTSE 100 tumbling officially into bear market territory• Dow suffers steep falls as FTSE 100 enters bear market – live updatesGlobal shares tumbled again on Wednesday as fears of an economic slowdown escalated and the oil price hit lows not seen since 2003.
European markets collapsed following more sell-offs in Asia. In novel York the Dow Jones Industrial Average had lost over 550 points by 1pm ET but staged a late rally and ended the day down 248 points, 1.55%. Continue reading...
Source: theguardian.com