*Well this certainly has an ominous sound and feel to it. Let’s hope it doesn’t lead to anything … ominous.
Here’s what the Wall Street Journal is reporting …
Global stocks started 2016 with a sharp selloff as fresh signs of economic slowdown in China deepened fears about global growth and lowered hopes for a better year.
The Dow Jones Industrial Average declined 351 points, or 2%, to 17074 shortly after the market opened, while the S&P 500 dropped 1.8% and the Nasdaq Composite fell 2.2%.
Weaker-than-expected manufacturing data and a falling currency triggered a 7% fall in mainland Chinese stocks that led authorities to halt trading there before the end of the session.
Get the FULL story at WSJ.com.