Energy Stocks Lead Wall Street Sharply Lower
Originally published on Fox Business.
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The markets took heavy losses for a second day in a row after signs that the U.S. economic expansion is losing momentum spooked traders.
As of 11:16 a.m. ET, the Dow Jones Industrial Average fell 88.3 points, or 0.71%, to 12330, the S&P 500 slid 13 points, or 0.99%, to 1300 and the Nasdaq Composite dropped 32.6 points, or 1.2%, to 2804.
It has been a rough month for Wall Street, with the Dow and S&P 500 on track to take the biggest loss on a percent basis since September 2011. In a sign of the anxiety, the yield on the U.S. 10-year Treasury fell to its lowest level on record at 1.538%.
Traders got a glimpse of how the world's biggest economy is faring on Thursday.
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