Global stocks kicked off 2016 with a stumble, as a disappointing report on China’s economy rekindled concerns over slowing global growth and tempered hopes for a better year.
U.S. stocked tumbled at the open and remained lower throughout the session on the heels of a rout in European and Asian markets. The Dow Jones Industrial Average fell as much as 467 points in morning trading before recovering slightly.
The blue chips fell 276.09 points, or 1.6%, to 17148.94. The decline marked the worst first day of trading since 2008, and follows the first yearly fall for the Dow since 2008.
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