CNN: the stock market crash in the US was the largest in nearly 120 years

CNN: the stock market crash in the US was the largest in nearly 120 years


Among investors increases the panic: the main business activity index shows the worst performance, Chinese exchanges are falling, and oil prices are hitting new record lows, according to CNN.

MOSCOW, 8 Jan. On the world market increases hysterics after the Dow Jones at the beginning of the year reached a record low over the past 119 years, obvalivat more than five percent, according to CNN.

The index has lost 911 points, the worst figure since 1897. It was the worst four-day slump in the beginning of the year in the entire history of estimates, according to FactSet. The Nasdaq fell 6 percent and was the worst in 16 years – since 2000.

“Investors started the year in a state of panic,” commented CNN, the stock market crash in the U.S., the head of investment Advisory firm Yardeni Research ed Yardeni.

The deterioration in the U.S. stock market occurred on the background of the collapse of the stock market in China and reduce the Central Bank official rate of the Chinese currency to its lowest since August last year values. Also panic among market players caused a record for the last 12 years, the drop in world oil prices.