Published January 7, 2016 9:31am EST | Updated January 7, 2016 10:04am EST

U.S. Stocks Open With Steep Losses After China Halt, Oil Slump

U.S. stocks opened sharply lower on Thursday, as another trading halt in Chinese shares and sliding oil prices fueled heavy selling on Wall Street. The S&P 500 opened 24 points, or 1.2%, lower at 1,970. The Dow Jones Industrial Average dropped 225 points, or 1.3%, to 16,676. Meanwhile, the Nasdaq Composite began the day down 102 points, or 2.1%, at 4,734.