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
By
Joseph Ciolli
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.
