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US stocks sink in worst week since 2011

The Standard & Poor's 500 Index tumbled 6 per cent in the week, the biggest drop since September 2011

Bloomberg 

Volatility erupted anew in financial markets as a fresh year brought jarring swings, anxiety about global growth and the worst start on record for equities both in the US and in the world. The Standard & Poor's 500 Index tumbled 6 per cent in the week, the biggest drop since September 2011 and the steepest slide over five days to begin a year on record. Even a blockbuster jobs report that bolstered optimism in the world's largest economy wasn't enough to arrest the freefall, with an end-of-week rally stalling as investors shunned US equities heading into the weekend. It was the ...

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First Published: Sat, January 09 2016. 21:09 IST
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