U.S. Stocks Plunge On First Trading Day Of 2016

By Anora MahmudovaMarketWatch Pulse

The Dow Jones Industrial Average closed with the biggest loss on the first trading day of the year in 8 years, dropping 276 points. The S&P 500 suffered its worst first trading day since 2001. U.S. stocks sold off as a rout in China's stock market sent investors into havens and out of risky assets, such as equities. The S&P 500 closed 31.28 points, or 1.5%, lower at 2,012.66. The Dow Jones Industrial Average fell 276.09 points, or 1.6%, to 17,148.94. Meanwhile, the Nasdaq Composite ended the day down 104.32 points, or 2.1%, at 4,903.09.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below