US stock indexes notched deep losses in volatile trading on Friday, with the S&P 500 hitting its lowest since October 2014 and the Dow losing more than 500 points, as oil prices dived below US$30 per barrel.
All 10 major S&P sectors were in the red and all 30 Dow components lower. The Russell 2000 small-cap index fell as much as 3.5% to its lowest since July 2013.
The beaten-down energy sector’s 4.43% slide led the declines, as oil prices fell 6.5%. The technology sector was down 4.31%, as Intel’s weak report weighed heavily on chip stocks.
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All 10 major S&P sectors were in the red and all 30 Dow components lower. The Russell 2000 small-cap index fell as much as 3.5% to its lowest since July 2013.
The beaten-down energy sector’s 4.43% slide led the declines, as oil prices fell 6.5%. The technology sector was down 4.31%, as Intel’s weak report weighed heavily on chip stocks.
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