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with the dow jones industrials down 386. exactly 14 minutes left before we hear the closing bell ring. i heard a trader say ring the bell already! they're exhausted from this particular day. you have to bring all of the roads back to oil and energy. it's the worst performing sector right now. joined by tim leech, chief investment officer at u.s. bank management. getting loud in the final 13 minutes of trade, tim, the energy names, it hasn't been forget a great day or great month, horrific six months, where do we see the flushout with saying it's a filing for bankruptcy help? >> this is a very, very tough market as you said, liz, especially in the energy sector. our view is that investors have really kind of are looking too hard at low oil prices, which to a certain extent feels like investors are expecting a global recession or if not a u.s. recession, and we don't see that. times are hard in many different areas, but generally, as that kind of market sentiment washes through, we should start to see stabilization over the ne

once a stock gets kicked out of the dow jones industrials, it's no longer going to be a victim of dow futures, dow futures trader who is don't care about individual companies and just want to bet on the direction of the index. once you're free of the dow, you're no longer going to be affected by waves of index sun selling which can overwhelm an individual stock. the index fund factor is huge, while i would never recommend a dow jones industrial index fund, remember, you want the broader diversification that comes from there the -- we did a lot of wok on this, how important is the index fund factor? roughly a year ago, indexed funds have managed more than 1 $2.1 trillion. even if you just don't have enough money to go and buy a diversified portfolio of your own. when there's this much cash in indexed funds, that means the whole -- if a stock is on both the dow and the s&p 500, it's fate is very much in the hands of the futures traders. so being kicked out of the dow is kind of a liberating experience. investors can focus on the actual fundamentals. generally speaking if you wait a few

the dow jones is down about 2.2%. the s&p down 2.5%. bloomberg markets. ♪ david: welcome back. the major indexes, the dow jones is down 363 points. i want to go to julie hyman at the markets desk for more on the slide we are seeing. julie: the slide is deepening, thereg momentum and doesn't seem to be a particular catalyst. just worsening sentiment as we are seeing the indices tumble. one of the negative signs is that this selling is happening on high volume. seeing what market artisans call capitulation. heavy volume selling that kind of exhaust itself. my bloombergt terminal. i'm looking at volume by groups. all of them are up, health care and consumer discretionary are two of the worst performing groups. other market internals are 52 week lows. market, see gets in the you tend to see spikes in lows relative to highs. run offinitely seeing a an excess of 52 week lows versus 52-week highs. just another way of looking at what is going on in the market. consumer discretionary stocks, financials and all of them deepening their declines wi

the dow jones industrials up 156 points.ry clinton may have the jump on bernie sanders in the national polls right this second. but they are fighting to break free of a dead heat among voters age 18 to 49. that of course is the population that carries the most student debt. and the democratic candidates are tailoring college plans to win that support. since taking the helmet washington college last fall in maryland, former fdic chair sheila bair decided what you know? i'm going to institute a one-year tuition freeze for students. she is calling fresher approaches for controlling college costs. she's here first on fox business. freezing college tuition at what price? >> well, it's -- the standard for colleges. 55,000 tuition room and board liz: i'm seeing stars. you multiply that for four years. >> yeah. a school of our size and ranking. yeah, but it's high. it's been going up nationwide . liz: and you made college affability a real center. >> it is. liz: but that's puts you in the position of the reality of what is out there

we're up 242 points for the dow jones industrials.'s get right to the floor show, traders at the new york stock exchange, cme and the nymex. john corpina, simply oversold or still tracking oil? >> i think we're continuing to see this market trade with oil. i wish we could get away from that and keep everything independent of its own. every time oil moves in a different direction, it gets grouped along with it. very interesting activity we've been seeing in the market so far this week. selloff yesterday, recoup it today, and tomorrow we've got fomc. so i think investors might wait out tomorrow morning to see what really comes occupant of washington. apple -- comes out of washington. apple today, facebook tomorrow, so some pretty big earnings that could help this market. right now i think it will tend to stay higher as the week goes on. liz: well, color me green, larry shover. listen, consumer confidence for january hanging in there. the consumer looks semi-decent. and when we're looking at the case shiller home price index. this number

took office after the great recession, the dow jones was down below 7,000. worked its way up over these years to 17,000 or 18,000, 15,000 not too bad compared to 7,000 only a few years ago. we'll leave it on that note, alison. we'll stay in close touch with you. thanks very much. that's it for me. the news continues next right after a quick break. i have great credit. how do you know? duh. try credit karma. it's free and you can see what your score is right now . i just got my free credit score! credit karma. really free. >>> all right, you're watching cnn. thanks for being with me. i'm brooke baldwin. to politics we go. donald trump and sarah palin. she did not appear at an event this morning in nor walk, iowa, but she's expected 0 to take the stage with him moments from now in oklahoma, oral roberts university, to be precise. she endorsed him of course at a rally in iowa last night. >> he is from the private sector, not a politician. ki g can i get a hallelujah? where in the private sector you actually have to balance budgets in order to prioritize to k

dow jones industrials charging ahead by 265 points. the nasdaq has just hit a new high on the session, up 100 full points. stay tuned. you're making money today if you're in the market. ♪ ♪ ♪ ♪ >> i'm ashley webster with your fox business brief from the new york stock exchange where we're seeing a nice rally today after yesterday's selloff, the dow up 275, the s&p up 2% or throshts, the nasdaq also hitting session highs, up 104 points. a big plus side today has been oil to. oil moving higher, that has helped the oil sector, of course, opinion and tech doing well, but oil itself up nearly over 2% on the day, up 67 cents at 3.15. that has -- 31.15. we have exxon up some 5%, chevron also moving higher, up 5%. those are the two standouts on the dow. meanwhile, best buy not such a good day for the electronics retailer, down as you can see more than 11%. holiday sales disappointing, and the stock as a result hurting, down 11%. more of "the intelligence report" with liz claman straight ahead. liz: you thought oil was having a tough time over

the dow jones industrial average down 300 points. 2%.nd nasdaq sharply lower this morning as we see the global market meltdown continue. $2 trillion in loss in value in 2016. live trading for you. we are looking at triple-digit losses throughout europe this morning. that's 3%, the cac quarante in paris, down 146 points. that's 3 and a half percent and dax index in germany down 3% currently. we take a look where it began, that was in asia. four-year lows this morning in asian markets. in fact, it was japan and hong kong who to be it on the worst. the hang seng almost 4% and nikkei average in japan down 3 and three quarters percent. a big selloff in equities across the world right now. we are talking global markets right now. i want to bring ey chairman mark wynberger, cochief competent cue officer john fremman. first off, josh, talk to us about what is going on in the markets, do what do you attribute the meltdown in particular on the high-yield side? >> i think the high-yield side factor although sentiments plays all together. the debt o

steep sell-off in china and suspicion in chayeding. worries about china's economy helped descend the dow jones industrial 290 points lower. that's the worst start of the new year for the dow ever. >> did you feel the warmth? >> it was great. the sun really heat things up especially for erica. >> we've seen a pretty dry first week of january. that's about to change as the wind moves in from the south and southwest. from that direction, we're getting milder weather. temperatures right now 47. we're at 30 for dew points. from yesterday and the day before when the dew points were air. we're starting to see more low pressure moving in the area. winds are calm and traffic is going to be -- and we won't have any problematic drive, because of rain or snow. we will be dry. if you see a live shot, cincinnati, 47. 45 in ha. and mid to upper 40s for batavia. we'll start with high and mid level clouds. kind of like what we saw yesterday. the clouds will thicken up. in the next 12 hours, temperatures to fall in # 30s. and chances for rain arrive after midnight and especially for tomorrow morning's commute.

the dow jones industrial average plummeting 392 points, 16,514 the close. days the dow has shed 910. nasdaq off 3%. 146 points. s&p 500 lost 47. >> and that is "nightly business report" for tonight. i'm sue herera. thanks for joining us. >> thanks from me as well. have a great evening. we'll see you back here ♪ >>> the following kqed production was produced in high definition. ♪ >>> calories, calories, calories! >> wow, it rocked my world! >> it just kind of reminded me of boot camp. >> i don't know what you had, but this is great! >> it almost felt like country club food to me. >> don't touch. it's hot! >> i gotta tell you, you people

in the past three sessions, the dow jones industrial average has lost about 520 points. north korea adding to the growing list of geopolitical concerns after that country announced a nuclear test and claims to have successfully tested a hydrogen bomb. china fears deepened when a report showed the services sector of the world's second largest economy grew at a slower pace than expected. and add to that the situation in the middle east. a drop in oil prices big time, and investors all across the world were rattled this day. the dow jones industrial average slid 252 points to 16,906, nasdaq dropped 55, the s&p 500 declined 26. domestic crude settled at its lowest level since december 2008, down nearly 6% to $33.90 a barrel. michelle caruso-cabrera reports now on the global events pressuring stocks today. >> reporter: the selling started late last night when the world learned north korea conducted yet another nuclear test, claiming they had detonated a hydrogen bomb. if true, that would be a significant advance in north korea's nuclear capabilities. the claim was met with sk

liz: breaking news, dow jones industrials down 63 points. philadelphia police now say that the gunman who ambushed a police officer did it all in the name isis. philly officers say the accused shooter fired at least 11 shots at close range. that the gun used in the attack was stolen from police back in 2013. so officers also say the attacker was planning an execution and, quote, absolutely amazing that the officer, jesse hartnett survived. fox news' rick leventhal is working the phones and the story. this is unbelievable. the mother of the suspect, this archer character, saying he had head injuries from playing football? >> reporter: he hit his head and they told him he needed help. that he was hearing things, seeing things. whatever. he also told police he pledged allegiance to isis. this is a remarkable story of survival. an officer being a warrior when he had to be who said it's confounding and astonishing this officer survived obvious assassination attempt by an ex-con who pledged allegiance to isis. these photos are chilling. opening fi

buy the close the dow jones industrial average was up 9 points. blue chip index down as much as 110 middle of the day. nasdaq ended the day lower by 11 and the s&p 500 was up 47. >> so two days into the new year investors may be wondering if some of last year's losers will be this year's winners. take walmart for instance. it was the worst performing stock on the dow in 2015, but today, it outpaced the broader market to finish more than 2% higher. dominic chu takes a look at whether some names that lost their luster last year will shine in 2016. >> reporter: some investors are hunting for value in last year's beaten down stocks but not all of last year's losers necessarily have an equal shot at outperforming in 2016. so take consumer electronics giant apple. construction equipment maker caterpillar and walmart, all three members of the dow jones industrial average. some experts think the you have to be choosey which stocks to invest in. >> i think the apple valuation is spelling trading around 10 to 12 times estimated earnings. caterpillar be a li

>> jeff: if dow jones industrials also takes out its august low and that's around 15,666 that will beheory sale signal and will not look pretty in the charts. >> nicole: okay 15,666, is that what you said? >> jeff: that's right. >> nicole: thank you very much for breaking this down for us. jeff we have you bet. >> lauren: european markets where stocks look sharply lower. and are continuing to trade sharply lower. the ftse down 2.7%. the dax really getting the worse of this sell off it's down 3 and a quarter percent. we have market analyst at ig group joining us on the phone, good morning, chris. >> good morning. >> lauren: what use your reaction this morning? >> no sign stopping at the moment. not just in stock market but in oil as well. it's quite something really. >> nicole: you look at the selloff in we are seeing 2-3% in major averages and you're talking to market analysts at ig groups, you're talking to clients, you're talking to institutional traders, what do they make of this and how do they play this? our last guest that this type of stampede sells for 125 sessions, do you exp

on the dow jones industrial average, t

the dow jones industrial average plummeting 392 points, 16,514 the close. days the dow has shed 910. nasdaq off 3%. 146 points. s&p 500 lost 47. >> and that is "nightly business report" for tonight. i'm sue herera. thanks for joining us. >> thanks from me as well. have a great evening. we'll see you back here ♪ >> ♪ night and day >> he started in the big band era and on the radio, and as the bobby soxers swooned, he revolutionized the singing of american popular songs and never changed through pop, rock, folk, and rap -- a musical constant in a fast-forward world. he went to hollywood in the '40s and spent the next four decades making every kind of movie there is. he was one of the variety-show pioneers on early television... >> shall we delve into the history of the b-l-u-z? >> ...and almost singlehandedly made las vegas a showcase instead of just a casino town. from the beginning, the press called him "the voice," but he was never just a singer. he was a man singing to us and about us. frank sinatra is the voice of our best memories and the sweet sound of

at about 12:30 p.m., the lows of today, the dow jones was off by 565 points. certainly was not things ended because if you look at how the industry groups fared at the end of the day, health care shares rose and if you look at 24 industry groups, you have not only health care stocks --ing but semi-conduct the show my conducting shares up. -- semiconductor shares up. alix: you have netflix, you have amazon, you have google. it was staggering throughout the day. lost apple in itself has quarter of a trillion dollars in market value. joe weisenthal put that out on --tter and it has gained out it has gained some of that back. we gained back 47 planes and then down only 22. i have a great chart to show you and every time i put this chart up, people want me to share it with them. message me on the bloomberg and i will share this chart with you. fedsales are the quantitative easing operations. one step at the end is the benchmark industry. you see the benchmark industry rose all the way through those when wet then drop dropped sales and started raising rates. with ec

>>mark: the dow jones industrial average have seen two years of gains wiped out this is where was the end of january of 2014 were down to 15,687 off of the high of 18,300 last summer and is also the 2% or not this on the 332. . >>darya: some of the e-mail the secretary of state clinton had on her home server or more sensitive than they thought inspected general front carriages agency said several dozen e mills have been found that have a higher classification top-secret ship as back access to our server and all the she maintained that she did not use a personal e-mail to send and receive. >>mark: >>darya: live 26 your son was arrested on domestic violence charges monday night in alaska according to the arrest report track and punched and kicked as your friend and then held an f- 15 a saw or for near as head as though he'd shoot himself to happen as the ex governor homes he was charged with domestic violence and assault on the field and to filled with reports of domestic violence and possession of the what the law intoxicated those all class a misdemeanors he was arraigned on to the af

have seen the worst opening for the dow jones since 1932. we can see u.s.investors feel a little bit anxious, especially after we closed with the dow jones in negative territory. there is a concern how this year will develop. we have to take into consideration it is a very importt year for u.s. equities. it is a presidential election year. we are also following closely how the fed will continue to increase rates. for right now there's a lot of anxiety, and investors are questioning themselves if this is a heck of or the new normal -- hiccup or the new normal? >> on that point, will we see more water torture from the chinese, slow dripping? >> that is the question then, and the imf said today that if the chinese growth continues to disappoint in the next months, we could see more spooking for the global financial markets. also, we have seen some recovery on the service sector. we have to take into consideration that the one has los =-- yuan has lost value compared to the dollar since july. this is downward economic pressure, and there is a lot of trouble in

at this point the dow jones industrial average has lost 8% so far this year. it will start to shake people up. it could affect consumer spending, business investment and that could make the economy slow even more. take forw long will it us to find it which it is? are -- the u.s. economy has been doing ok. more thanating 200,000 jobs a month and the economy has been strong enough for the federal reserve to begin raising interest rates after holding them at zero since 2008. people will be looking closely at the reports in the next couple of weeks as companies, particularly those who sell to consumers report their earnings for the fourth quarter. the big question is can the u.s. keep its growth momentum while the rest of the world thinks or will the -- sinks or what will the rest of the world tumbledown as well. of the things where day by day sentiment may change. already we have seen some signs from what federal reserve officials have been saying in the last couple of days but they are worried that what they call in flechette next citations, and markets and cons

to dow jones futures up under 23 points. reaction, the president and founder of tree kumar strategies and boomer market executive editor tracery on the way. thank you both for joining me. i see tracy every day. i'm always happy to see her. i'm especially happy to see you. >> good to be with you both. matt: fairly bearish guy to see on. for what will turn out to be a bullish day for stocks at the open, the s&p starting to rise up 1%. it has been a horrible start to 2016. what do you expect from the fed -- sorry, ecb is dovish talk. s dovishjapan kuroda' talk. we'll that serve to boost the stimulus stocks were us? >> it will in the short-term. we have seen the benefits from mario draghi's statement yesterday. what it did to european stocks, jack -- japanese stocks. today, the u.s. futures and when the market opens. the difference is it is only transitory. it doesn't happen for a long time. the problem with europe is lack of structure. the labor markets are rigid. you know germany so well. germany did its reforms and 2003. the

dow jones industrial up 132 points a time to get a breather here considering the markets have been decimalately. so the dow is having a good day. take a look at the leaders here. topped by verizon, home depot, nike, ge, chevron, walmart, you can see the rest. but guess what? jumping on early planes because winter weather is creating a mess in parts of the midwest and the mid-atlantic overnight. now millions of people in the eye and the pass of the blizzard-like conditions. we've got the latest on how much snow is expected. who's in for the worst of this powerful storm? the very latest raid. all that you need to know. countdown to the closing bell coming right back you totaled your brand new car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three quarters of what it takes to replace it. what are you supposed to do? drive three quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement,

the dow jones is down 477 points for the new york stock exchange. michelle: donald trump celebrating a new endorsement. jason: what he is saying about a possible trump palin ticket. michelle: we will show you how actor jamie foxx turned into a real-life hero. ted: you could see i-4 construction on 408 eastbound. if you' re heading into the downtown area. we will show you it is between 10 p.m. and 6 a.m.. that is the latest timeframe where you could see a link taken out. it will be on the right side between orange blossom trail and i-4. this will go to february 5. you can always use colonial drive or state road 50. >> you are watching wesh 2. jason: we' re learning more about the deadly attack at a university in pakistan this morning. a spokesman for the taliban in pakistan has disowned the group taking responsibility for the attack. earlier today, the ap reported that the leader of the taliban was claiming responsibility. gunmen stormed the university, killing at least 20 people, and triggering a gun battle with police and army troops. four of the a

the dow jones industrials jumping 303 points right this second. we were just at session highs as oil stopped its slippery slide south. that's right. oil once again is the leader here. so if oil's up, markets are up. but today's rally is only surpassed by the excitement in charleston, south carolina, where less than three hours from now all that hard work -- yes, they really did move that fast -- is putting together what will be the first three republican presidential candidates to take the stage at 6 p.m. eastern. final preparations, mics tested, lip gloss applied -- on both the men and the women -- are being made. the fox business crew is hard at work as the candidates make their last minute adjustments and preparations. so you're in the right place. we've got an all-star lineup of experts to tell you exactly what you should be looking for in south carolina and what's happening on the ground. tonight's fox business moderator, maria bartiromo, special report host bret baier, former bush press secretary dana perino and south carolina congressman ma

the s&p 500 s&p 500 -- the s&p 500 above the flat line, whereas the nasdaq and the dow jones are in tellingtf territory. the nasdaq and dow jones weighed down by apple shares, this on reports that apple may cut back on production of its latest i-phone model. at the same time we got through some pretty upbeat figures when it comes to the u.s. car markets. we are going to take a closer look at that in a moment. first let's talk you through the european close. we saw a positive close on this atlantic. the ftse 100 in london peers on ed its monday. let's talk you through some other stories that we are watching for you. in 2015 was a record year for the auto industry in the united states. car makers sold nearly 17.5 million vehicles last year. that tops the previous record of 17.35 million vehicles sold. that record was set back in 2000. the market was fueled by low financing. easy and they forecast another record year in 2016. french telecom company orange said it is in talks to by a smaller telecom. reports say that a potential bouygues at 10 billion euros. unemployment in germany dropped more

dow jones industrials up 97 points. yes, we are twins. on to ancestry, i just put in the name of my parents and my grandparents. i was getting all these leaves and i was going back generation after generation. you start to see documents and you see signatures of people that you've never met. i mean, you don't know these people, but you feel like you do. you get connected to them. i wish that i could get into a time machine and go back 100 years, 200 years and just meet these people. being on ancestry just made me feel like i belonged somewhere. discover your story. start searching for free now at ancestry.com. liz: the bulls are winning this battle at the moment. the dow jones industrials climbing back up closer to highs of the session, now up 117 points. the nasdaq is gaining 41, the s&p up 14. we have breaking news out of a developing story in turkey. turkish officials are now reporting that the suspected suicide bomber who killed ten -- many of them german tourists -- and injured up to another 15 in a crowded swear in us tan -- square

at oneoint, the dow jones industrial average lost more than 500 points. before closing down close to 400. investors took their cue from the oil market slumping below $30 a barrel. the lowest in 12 years. >> it might save the consumer a few dollars, but a lot of the oil companies are laiden with debt. those stocks will go lower. >> reporter: falling oil prices have already led to hundreds of thousands of layoffs in the industry. shares in industry giant chevron and exxon skidded lower fueling the broader sell-off. the shakeup in the oil market has made for a rough start to the new year. stock prices are down more than 8% in just the first two weeks. signs of an economic slow down in china have also rattled the market. a slump in the bolder's second biggest economy could lead to a domino effect around the world. >> the average investor, you probably shouldn't check your 401k. it will put you in a bad mood. >> reporter: with the dow jones losing more than a thousand points, the market is on track for its worst month since the financial meltdown in 2009. marl

the dow jones is up about 74 points. we will follow the markets for you throughout the day. we are learning more about how those american prisoners released by ron were treated -- iran were treated during their time in custody. jason: the group is now getting medical treatment at a hospital in germany. nbc' s keir simmons reports that their recovery will be a slow process. >> this morning, jason rezaian is enjoying time with his wife, mom and brother. >> he actually knew how the warriors were doing, that is how >> in that notorious a rainy in prison, jason says he at one point spent 49 days in prison -- solitary confinement. he exercised in an eight foot by eight foot yard. amir hekmani describes being tortured by the revolutionary guard. >> he was in solitary confinement for a very long time. >> psychologists at this u.s. base are assessing the man' s state of mind. a representative of another prisoner tells nbc news that saeed has yet to see his family. another man, bob levinson is still missing in iran. iran has offered to help in the search for him. the air rainy and eve

the dow jones loss. boeing coming out with a forecast that trailed analyst estimates and they will be delivering fewer aircrafts. and you will hear more about apple in a moment with forecasting sales decline for the first time in more than a decade. betty: also, we have a date on oil inquiries coming up. industry trade data coming in last night. they give us a clue. the american petroleum institute same percent of the left 11 billion barrels of oil the last week, so we will get official word from the u.s. government, coming up. oil is lower by about 2%, not below $70 a barrel, but nearing the level. if you look at some of the other asset classes in advance of the fed statement this afternoon, we have the dollar continuing the decline with the recent downturn in the u.s. currency, now down .4 of 1% going into that statement. let's check on the 10 year yield in advance of that. we are seeing a little climb, so a split between the dollar trade yield, 2.03%,r still at the low level. betty: thank you. forill

the dow jones down 342 points. we are tracking whether those losses are going to accelerate as we get toward the close. we will be back. ♪ betty: good afternoon and welcome back to bloomberg markets. let's head to the markets where julie hyman has the latest on the dow. down more than 300 points. continue to see the selling that has been going on, but it is not as steep as it was at good depths. the nasdaq has been leading declines and a lot of the big cap tech has been giving up some of the gains it experienced. if you look at the intraday chart, you will see the slide we have been experiencing throughout the day before a small pop at the bottom that occurred about a half hour or 20 minutes ago. looking at what is going on in terms of the movers here. in the s&p are higher at the moment. this looks at the biggest declines by index weight. microsoft and facebook down, home depot has been down. wells fargo, you see some weakness in the financials. some of the bio techs have been selling off. i have also been looking

the economic concern for china giving the dow jones is worth in three months. in fact, china shut down its market 15 minutes after it opened. technology stocks have been the hardest hit. >>> the list of the world safest airline is out tonight. >> anchor 2: topping the list is qantas from all of us learned in rainman years ago. it is held for 95 years. the top 20 list includes alaska, hawaiian airlines and united airlines. they also rank the top safest include jetblue and virgin america. >> anchor: a recall for 90,000 pounds of beef patties sold at walmart. it includes sam's choice black angus beef patties with vidalia onion.with so my day days of -- the recall affects to pound boxes assist patties. the problem is they could be contaminated with wood. so far no injuries have been reported, the patties were shipped to me more locations the last two walmart locations across the country. >> anchor 2: a new channel from universal is now available. the ad free subscription service is 399 a month and features a variety of comedy material and comedy series including th

dow jones industrial average fell almost 300 points and the s&p 500 index also posted a loss and the nasdaq composite index ended down more than 100 points. also a poor showing in china new data indicating that u.s. manufacturing had contracted to its lowest level in six years further dampened investor confidence. kristin saloomey has more now on how china's stock plunge affected the u.s. markets. >> reporter: china's economic slow down weighed heavily on u.s. markets on their first day of trading in the new year. the dow jones industrial average and the standard & poor's index both closed down about 1.5% and down even more so during the trading day with a lot of volatility. a lot of american businesses very concerned about what is happening in china lower currency and worse than expected economic data in terms of manufacturing in china in december, all having an impact. also oil prices continue to be very volatile in the united states. they were up for a little bit, on news of tension between saudi arabia and iran, two largest oil producing countries in the middle east. some thought

allyson: taking a look at money the dow jones, nasdaq and s&p 500 all up. those numbers on wall street, just hours after a dramatic drop pushed the stock market to its , lowest level in nearly two years wednesday. the dow jones industrial average was down more than 500 points at one point during the day. the plunge was tied to a steep drop in crude oil prices, which sank 7%. the price of u.s. crude dropped below $27 a barrel the lowest price since may 2003. that drop is blamed on a global glut of supply. 2015 proved to be the comeback year for toys. the toy industry had an incredible year, delivering its most robust growth figures in more than a decade. that's according to new data released which finds u.s. toy sales jumped nearly 7% in 2015 to $19.4 billion, with help from "star wars" and "teenage mutant ninja turtles" figurines. toys inspired by movies even outperformed the market growing by nearly 9.5%. wendy's is testing a new black bean burger. and the bun are considered vegan but not the entire burger. it can be made vegan when ordered without the che

the dow jones industrial average and s&p are down 2.5% with the dow jones going below 17,000 for the first time in several months. it's been a very rough start to the day here. you're seeing that weaker manufacturing data in china and the falling currency there is having an affect there, and it's the world's second largest economy, so any problems there are going to be felt here in new york's stock exchange as well o. on oil we have seen changes in the start up of the new year. tensions between iran and saudi arabia seems to be driving prices up here. saudi arabia and some of its gulf allies have downgraded their diplomatic relations with iran over the execution of saudi--in saudi arabia of iranian shia cleric. all of that adding to tensions and security. that has analysts thinking that the supply of oil could be going down. that could push these prices up, but not enough to make up for the losses that we're seeing from china. so a down start to 2016 here in the united states for the markets. after what was a very flat 2015. >> kristen saloomey with the latest in new york. thank you.

. >> i make no apologies for my love of the dow jones industrial average as an index. even on a day like today where it just gets hit. others misdoes it as a poorly way to index. and it is true also that there's been so many changes to the dow over the years that it may be an inconsistent measure of things. shouldn't starbucks be in? should sis coe and intel still and not facebook and not google? or alphabet. the dow remains the face of the market. even if it's not the benchmark that funds use to measure their performance. just think about it today. what was the first thing we heard about the utal sell off. dow is down 400. the dow, the dow, the dow. that's why tonight i want to give the index it's due by highlighting the biggest winners and the losers and what to do with them now. let me reiterate beginning of 2016 z i iry to do almost every year of the show's existence that for the first $10,000 you save up you should not be picking individual stocks instead you should put money in an index fund i recognize e r most people it's too#hard to spend d me picking stocks b