General World News

STOCKS TUMBLE, OIL HITS NEW LOW: Here's what you need to know (DIA, SPX, SPY, QQQ, TLT, IWM)

oil rig

Stocks tumbled on Wednesday while oil broke to a new multi-year low.

Brent crude oil, the international benchmark fell to a more than 10-year low while West Texas Intermediate crude was closing in on a roughly 7-year low, settling below $34 a barrel.

First, the scoreboard:

  • Dow: 16,906.5, -252.2, (-1.4%)
  • S&P 500: 1,990.3, -26.5, (-1.3%)
  • Nasdaq: 4,835.8, -56.7, (-1.2%)
  • WTI crude oil: $33.97, -5.5%

And now, the top stories on Wednesday:

  1. The minutes from the Federal Reserve’s December 15-16 meeting were release this afternoon, revealing, that for at least some members of the Fed December’s rate increase was a “close call.” The Fed raised read more >>>

    Source : BusinessInsider.Com