The equity rout of the US financial market during the first days of 2016 became the largest in the past 119 years. The first of the year's trading on the US stock markets was opened on January 4. The Dow Jones (DJIA, Dow Jones Industrial Average) dropped by more than 5% (911 points) over four days.
After what happened, the panic on the global markets has intensified, CNN reports. The wave of selling has knocked the Dow down 911 points, which is the worst percentage loss to start a year on record, according to FactSet stats that go back to 1897. The Nasdaq, down over 6% in 2016, is off to its bleakest start since 2000.
"Investors have started the new year in panic mode," CNN cited the president of investment advisory Yardeni Research, Ed Yardeni, as saying.
It should be noted that the deterioration of the US stock market has occurred against a collapse of the stock market in China and decline in China's currency to the lowest level since August 2015. A record fall in world oil prices for the past 12 years also caused panic among market players.
Yesterday the cost of the futures of Brent crude oil fell to levels not seen since April 2004, now it is below $ 33.
