The final day of the trading week ended one of the worst weeks in Wall Street’s history & the session ended much as it began on Monday, with big losses. The major indexes finished the week with losses of nearly 6 percent or more, one of their worst starts to a year in history.
Continued concerns about China’s flailing economy also helped drag the markets down.
David Lefkowitz, senior equity strategist at UBS Wealth Management Americas told CNBC:
“I just think there’s an underlying nervousness that we’re going to see further turbulence out of China.”
For the week: The Dow Jones Industrial Average lost more than 1,080 points; the NASDAQ was down 363 points and the S & P 500 lost a total of 151 points.
More on Wall Street’s historically down week from CNBC below.
Here are the final numbers from Friday, 1/8/16 on Wall Street:
Dow Jones Industrial Average: 16,514.10 (-392.41/ -2.32%)
NASDAQ: 4,689.43 (-147.34/ -3.03%)
S&P 500: 1,943.09 (-47.17 / -2.37%)