Global Stocks on Roller Coaster Ride as China Economy Slows, Oil Price Plunges
- By Mil Arcega
Global stocks declined sharply Wednesday after another drop in oil prices prompted selloffs from Asia to New York. The Dow Jones Industrial index plunged more than 500 points at one point before cutting its losses in half as U.S. markets closed. The volatility and steep declines in stock futures reflect a growing sense of unease about the global economy. Mil Arcega has more.