S&P 500, Dow Industrials See Worst Ever Start To New Year

By Anora Mahmudova Markets MarketWatch Pulse

Steep losses during the first four trading sessions of 2016 have marked the worst start to a new year for the S&P 500 and Dow Jones Industrial Average in history. The S&P 500 lost 100 points, or 4.9% over the past four sessions, closing at 1,943.09 on Thursday, its lowest level since October. The Dow Jones Industrial Average lost 911 points, or 5.2% since Monday, according to FactSet. On Thursday, the Dow lost 392.41 points, or 2.3%, to 16,514.10, closing 10% below its intraday record in May. Meanwhile, the Nasdaq Composite fell 146.34 points, or 3%, to 4,689.43, erasing its modest year-to-date gain. Over the past four sessions, the tech-heavy index lost 6.35%, its worst start to the year since 2000. All three main indexes are down about 10% from their record highs in May.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.