The Dow Jones dropped almost 400 points Thursday after the Chinese stock market tumbled again. China's CSI 300 index dropped 7.2 percent in its first 30 minutes of trading Thursday morning, prompting the market to close and marking the shortest day in its 25-year history. In the U.S., the S&P 500 closed down nearly 2.4 percent, the Nasdaq dropped 3 percent, and crude oil prices hit the lowest levels in 12 years, CNN Money reports.
The Chinese market's emergency closure Thursday marks its second this week. The U.S. is on track for the worst four-day start to a year on record, according to FactSet stats dating back to 1897, with the Dow down 5 percent so far in 2016.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The launch of the world’s first weight-loss pillSpeed Read Novo Nordisk and Eli Lilly have been racing to release the first GLP-1 pill
-
Maduro’s capture: two hours that shook the worldTalking Point Evoking memories of the US assault on Panama in 1989, the manoeuvre is being described as the fastest regime change in history
-
Six sensational hotels to discover in 2026The Week Recommends From a rainforest lodge to a fashionable address in Manhattan – here are six hotels that travel journalists recommend for this year
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
