NEW YORK—The new year began on a sour note on Wall Street as stocks tumbled in a global sell-off triggered by new fears of a slowdown in China and rising tensions in the Middle East.
The Dow Jones industrial average clawed back from a steep early decline of 2 percent—its biggest drop since September—but still ended the day down 1.6 percent. Markets in Asia and Europe suffered heavier losses.
It's going to be a turbulent year. This isn't a blip.
, CIO, Recon Capital Partners
