Page 6A
BUSINESS
East Oregonian
Thursday, January 14, 2016
Stocks plunge as a dismal start to 2016 gets worse
Associated Press
The dismal start to 2016
on Wall Street got a lot worse
Wednesday.
Stocks tumbled again on
fears of a global slowdown
and alarm over plummeting
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the Standard & Poor’s 500
index into what’s known
as a correction, or a drop of
10 percent or more from its
peak.
The Dow Jones industrial
average also slumped, losing
more than 300 points.
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eight trading days of 2016
represents the worst start to a
year in the history of both the
S&P 500 and the Dow.
“At the very core of this,
there’s a bull-bear debate,”
said Quincy Krosby, market
strategist at Prudential Finan-
cial. The question, she said,
is whether the economy is
strong enough to justify how
high stock prices are.
Chinatopix via AP
Investors check stock prices near an electronic board
at a brokerage house in Fuyang in central China on
Monday
The rocky start to the year
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Wall Street about the slow-
down in China, the world’s
second-biggest
economy;
a plunge in oil prices to the
lowest level in 12 years; and
the implications for U.S.
corporations,
especially
energy companies.
Television > Today’s highlights
The S&P 500, which is
the most closely watched
gauge of the broader market
and reached a record high
in May, is now down 7.5
percent this year, while the
Dow is off 7.3 percent.
The Nasdaq is deeper in
the red, down 9.6 percent.
The Russell 2000, which is
made up of small-company
stocks, is down 20 percent
from its June peak. That big
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market.
Energy and consumer
stocks bore the brunt of the
selling. The price of U.S.
crude oil closed slightly
higher, but remains near $30
a barrel, a level that investors
fear could force many oil
and gas companies to go
bankrupt. Brent crude fell 2
percent.
Some of the biggest
winners from last year, such
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of which doubled in value in
2015, also fell sharply.
“The momentum names
that drove this market higher
have just been clobbered,”
Krosby said.
All told, the Dow lost
364.81 points, or 2.2 percent,
to 16,151.41. The S&P 500
fell 48.40 points, or 2.5
percent, to 1,890.28. It was
the worst day for the index
since Sept. 28.
The Nasdaq slid 159.85
points, or 3.4 percent, to
4,526.06.
Biotechnology
stocks
took a drubbing. The Nasdaq
Biotechnology index lost 5.3
percent and is down 17.2
percent this year.
The market recorded
its best day of the year on
Tuesday and appeared to be
headed for more gains early
on Wednesday. But then a
report showed that demand
for fuels slipped last month.
Investors also began to
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outlooks from companies
like Ford, which fell 65 cents,
or 5.1 percent, to $12.20.
Among energy compa-
nies, Williams Cos. tumbled
$2.93, or 17.7 percent to
$13.61. Consol Energy slid
65 cents, or 9.7 percent, to
$6.05. Valero Energy shed
$6.16, or 8.7 percent, to
$65.03.
In Europe, Germany’s
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DAX fell 0.2 percent while
France’s CAC 40 rose 0.3
percent. The FTSE 100
of leading British shares
gained 0.5 percent. In Asia,
stocks rallied despite a 2.4
percent drop in the Shanghai
Composite. Japan’s Nikkei
225 stock index jumped 2.9
percent while Hong Kong’s
Hang Seng gained 1.1
percent.
The yield on the 10-year
Treasury note fell to 2.07
percent from 2.11 percent
late Tuesday. The euro was
little changed at $1.0857 and
the dollar rose to 117.89 yen.
Gold rose $1.90 to
$1,087.10 an ounce, silver
rose 41 cents to $14.16 an
ounce and copper was little
changed at $1.96 a pound.
In other energy trading,
wholesale gasoline fell 3.2
cents to $1.053 a gallon,
heating oil fell 2.1 cents
to 96.9 cents a gallon, and
natural gas rose 1.2 cents to
$2.269 per 1,000 cubic feet.
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Phred, Regina, Danny and Bryan share an adventure when they go
rafting in this new episode. Meanwhile, Ken and Niels go to work at
Ken’s fishing lodge. When Hans and Mitch o some antique shopping,
they end up fixing an antique gun.
The Blacklist
(25) KNDU KGW 9:00 p.m.
Liz’s (Megan Boone) life is in grave danger as the Cabal gets ready to
assassinate her in this new episode. Red (James Spader) steps in and
looks to the task force to help him outwit the Cabal and exonerate Liz.
Alaska Proof
ANPL 8:00 p.m.
Candace’s (Sara Rue) charming father catches Christy’s (Anna Faris) in
this new episode, prompting outrage from Candace and Baxter (Matt
Jones). Bonnie (Allison Janney), however, urges Christy to ignore them
and go for it.
Mom
(19) KEPR KOIN 9:00 p.m.
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Ambitious young doctor Allison (Maggie Lawson) isn’t sure what to
make of Amy (Jane Lynch), an eccentric woman who claims to be her
guardian angel. Amy explains that she’s been sent to guide Allison in
the right direction in life.
A modern-day Sherlock Holmes (Jonny Lee Miller) struggles to rebuild
his life after a relapse into addiction in this season of the hit drama.
Meanwhile, he works alongside Watson (Lucy Liu) to help the NYPD
solve baffling cases.
Colony
Josh Holloway stars in this new drama set in the near future. When
former FBI agent Will Bowman (Holloway) and his wife, Katie (Sarah
Wayne Callies), are separated from their young son during an invasion
of L.A., they’ll do anything to find him.
USA 10:00 p.m.
allegations that Arthur has molested
his girlfriend’s daughter, he denies it.
1:00 p.m. KPTV The Wendy Williams
Show
(19) KEPR KOIN The Talk
(59) OPB Charlie Rose
WPIX Maury
2:00 p.m. KPTV The Real
KOIN (42) KVEW The Doctors
KGW FABLife
KATU The Meredith Vieira Show
3:00 p.m. (19) KEPR KOIN Dr. Phil
KGW The Ellen DeGeneres Show
Guests include LL Cool J and Aubrey
Plaza.
(42) KVEW The Rachael Ray Show
KATU Steve Harvey
4:00 p.m. (25) KNDU The Ellen
DeGeneres Show Guests include LL
Cool J and Aubrey Plaza.
(42) KVEW FABLife
11:00 p.m. TBS Conan Guests include
Kevin Hart and Nick Robinson.
11:05 p.m. (42) KVEW Jimmy Kimmel
Live
11:35 p.m. (19) KEPR KOIN The Late
Show With Stephen Colbert
(25) KNDU KGW The Tonight Show
Starring Jimmy Fallon
KATU Jimmy Kimmel Live
12:30 a.m. TBS Conan Guests include
Kevin Hart and Nick Robinson.
12:35 a.m. (25) KNDU KGW Late Night
With Seth Meyers
(19) KEPR KOIN The Late Late Show
With James Corden
1:35 a.m. (25) KNDU KGW Last Call
With Carson Daly Guests include Holly
Holm, Handsome Ghost, and Ryan
Dufy.
2:05 a.m. (25) KNDU Today Show
5:30 a.m. (42) KVEW Good Morning
Northwest
Pendleton East-Oregonian, OR: Talk Shows Jan
14, 2016
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6:00 a.m. (42) KVEW Good Morning
Northwest
6:30 a.m. (42) KVEW Good Morning
Northwest
7:00 a.m. (19) KEPR KOIN CBS This
Morning
(25) KNDU KGW Today Show Meghan
Markle on Today.
(42) KVEW KATU Good Morning
America
WPIX Maury
7:30 a.m. LIFE The Balancing Act Learn
how to create healthy and fun recipe
ideas- with croutons.
8:00 a.m. WPIX The Jerry Springer
Show Not only did Teekah sleep with
Tonya’s boyfriend Eli, but she wants to
be with him.
9:00 a.m. (19) KEPR The Meredith
Vieira Show
(25) KNDU KGW Today Show II The
cast of ‘Ride Along 2’ on Today.
(42) KVEW Live! With Kelly and
Michael Guest includes Olivia Munn.
ALN The Balancing Act
WPIX The Jerry Springer Show Eric has
been trying to get a hold of Kyllee to
tell her he wants to be with her.
10:00 a.m. (25) KNDU KGW Today
Show III Ambush makeovers; Today’s
food.
(42) KVEW KATU The View
HALL Home and Family
WPIX The Bill Cunningham Show
Women confront the men they believe
to be their biological parents.
11:00 a.m. (25) KNDU The Wendy
Williams Show
KGW The Dr. Oz Show
KATU Live! With Kelly and Michael
Guest includes Olivia Munn.
Noon KPTV The Rachael Ray Show
(31) KTNW Charlie Rose
(42) KVEW KATU The Chew
HALL Home and Family
WPIX The Steve Wilkos Show There are
Talk shows
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In this new episode, Toby, Andy and Scott embark on a boat trip to
Prince William Sound to find the perfect icebergs for their vodka. At
the same time, Chrissy faces her fear of bees as she tries to collect
some fireweed honey for a “Buzz” order.
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