US stocks pare steep losses: Dow -1.6%

GMT 06:11 2016 Thursday ,21 January

Arab Today, arab today US stocks pare steep losses: Dow -1.6%

New York economy
New York - Arab Today

Wall Street stocks tumbled Wednesday as US oil prices sank to fresh 12-year lows, but an afternoon rally significantly cut the session's losses.

Shortly after the closing bell, the Dow Jones Industrial Average was down 1.56 percent, the S&P 500 1.17 percent and the Nasdaq Composite Index 0.12 percent.

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