Wall St. plunges; Nasdaq at lowest since August

January 15, 2016 09:05 AM

A plunge in oil prices sent U.S. stocks sharply lower at the open on Friday, with the Nasdaq falling over 3% to its lowest since Aug. 24 and S&P 500 less than 30 points away from its August lows.

The Dow Jones Industrial Average fell 159.22 points, or 0.97%, to 16,219.83.

The S&P 500 lost 24.49 points, or 1.27%, to 1,897.35 and the Nasdaq Composite index dropped 146.07 points, or 3.17%, to 4,468.94.

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Tanya Agrawal, Reuters