Stocks are getting crushed

[truebluefan]

Stocks are getting crushed on Thursday, and the major indexes are seeing their worst two-day drop in eight months.

Near 1:00 p.m. ET, the Dow was down 267 points, the S&P 500 was down 31 points, and the Nasdaq was down 110 points. The Dow and S&P 500 were down 1.5% and the Nasdaq was off more than 2.2% at these levels.

Among the biggest losers on Thursday were the so-called "FANG" stocks, comprised of Facebook, Amazon, Netflix, and Google as each fell more than 2% with Netflix the big loser, falling more than 7%.

The tech-heavy Nasdaq has been the best performer this year and these 4 stocks were the major leaders of this rally.



Read more: http://www.businessinsider.com/market-update-august-20-2015-8#ixzz3jNV1ZqJw

 

[truebluefan]

Stock markets in Saudi Arabia, Dubai, Abu Dhabi, and Qatar crashed

Stock prices in Gulf states nosedived on Sunday in a massive market sell-off sparked by descending oil prices, with the Saudi and Dubai bourses leading the slide.

The Tadawul All-Shares Index in Riyadh, the Gulf's leading market, shed 549.51 points, or 6.86%, to close at 7,463.32 points.

The kingdom's all-important petrochemicals industry lost 7.94%, while the real-estate sector tumbled 9.50%.



Read more: http://www.businessinsider.com/afp-gulf-stocks-plummet-as-oil-prices-plunge-2015-8#ixzz3jfl5lBNH