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U.S. Stocks Extend Worst Start on Record With Weekly Tumble

  • S&P 500 sinks 2.2% in five days, pushes year drop to 8%
  • Crumbling crude, concerns over economic growth spur selling

The cost of being a bull on New Year’s has never been higher.

Ten days into 2016 and the Standard & Poor’s 500 Index has dropped 8 percent, careening lower for a third straight week to reach the lowest close since August. The index is off to the worst start on record and just capped a three-day stretch that by one measure was its most volatile in four years.