NEW YORK
Cheap Indianapolis Colts Jerseys , Jan. 15 (Xinhua) -- U.S. stocks slumped amid downbeat data Friday, with the Dow Jones Industrial Index below the psychologically key 16,000 level, as a heavy sell-off in Asian and European markets and a plunge in oil prices rattled nervous investors.
The Dow tumbled 390.97 points, or 2.39 percent, to 15,988.08. The S&P 500 slid 41.55 points, or 2.16 percent
Cheap Houston Texans Jerseys , to 1,880.29. The Nasdaq Composite Index shed 126.59 points, or 2.74 percent, to 4,488.42.
Chinese shares sank Friday, with the benchmark Shanghai Composite Index going below 2,900 points during afternoon trading. At close, the Shanghai index decreased 3.55 percent to 2
Cheap Green Bay Packers Jerseys ,900.97 points.
European equities also ended sharply lower, with French benchmark index CAC 40 falling 2.38 percent, weighed by deep losses in Asian stocks and sharp declines in commodities prices.
Adding to the pessimism in the market, oil prices plunged further Friday, with both the U.S. oil and the Brent crude dropping over 5 percent to settle below 30 U.S. dollars a barrel for the first time in 12 years.
The West Texas Intermediate for February delivery slipped 1.78 U.S. dollars to settle at 29.42 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery decreased 2.09 dollars to close at 28.94 dollars a barrel on the London ICE Futures Exchange.
The U.S. economic data also came out negative. The Commerce Department announced Friday that advance estimates of retail and food services sales for December decreased 0.1 percent from the previous month to 448.1 billion dollars, missing market expectations.
The Producer Price Index for final demand decreased 0.2 percent in December after seasonal adjustment, the Labor Department said Friday.
The U.S. industrial production declined 0.4 percent in December
Cheap Detroit Lions Jerseys , primarily as a result of cutbacks in utilities and mining, according to the Federal Reserve Friday.
"The economy was flat-out weak at the end of last year, and January's financial market chaos does not bode well for a Q1 rebound," said Chris Low, chief economist at FTN Financial, in a note.
For the week, all three major indices saw big losses, with the Dow
Cheap Denver Broncos Jerseys , the S&P 500 and the Nasdaq going down 2.2 percent, 2.2 percent and 3.3 percent, respectively.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, rose 12.82 percent to end at 27.02 Friday.
In other markets, the U.S. dollar traded mixed against other currencies Friday as investors digested a batch of downbeat economic reports.
In late New York trading, the euro moved up to 1.0921 dollars from 1.0860 dollars in the previous session. The dollar bought 116.98 Japanese yen, lower than 118.15 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange rose Friday as the U.S. equities showed weakness.
The most active gold contract for February delivery went up 17.1 dollars
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Stanislav Petrov, a Soviet military officer who is widely credited with helping prevent a nuclear war with the US, has died aged 77, his son told AFP on Tuesday.
Petrov, whose extraordinary story was told in a documentary titled "The Man Who Saved the World", received several international awards
Cheap Cincinnati Bengals Jerseys , was honored at the United Nations and met Hollywood superstars such as Robert De Niro and Matt Damon.
Yet Petrov lived in a small town outside Moscow and died in relative obscurity on May 19, his death making headlines in Russia and abroad only months later when a German friend wrote a blog post about his death.
In September 1983, Petrov was an officer on duty at a secret command center south of Moscow when an alarm went off signaling that the United States had launched intercontinental ballistic missiles.
The officer - who had only a few minutes to make a decision and was not sure about the incoming data - dismissed the warning as a false alarm.
Had he told his commanders of an imminent US nuclear strike, the Soviet leadership - locked in an arms race with Washington - might have ordered a retaliatory strike.
Instead the 44-year-old lieutenant colonel reported a system malfunction and an investigation that followed afterwards proved he was right.
Petrov came home only several days later but did not tell his family about what had happened. "He came home knackered but did not tell us anything," his son Dmitry said.
BEIJING, Sept. 17 (Xinhua) -- Salah Eddine Bounasr of Morocco became the first Moroccan man to win the 37-year history Beijing Marathon here on Sunday, while Melesech Tsegaye Beyene extended Ethiopians' winning streak in the women's race to four years.
Bounasr, 26
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"It is a little bit hot today. I tried my best in the race but still could not break 2:09 (the minimum requirement for the full prize money)," said Bounasr, who was not considered as a favorite before the race as there were 11 sub-2:10 runners in the field. "I came here for the win and I am glad to accomplish the goal."
Defending champion Mekuant Ayenew Gebre of Ethiopia only managed a seventh finish.
In the women's race, Beyene, 23, claimed the title in 2:27:44. Kenya's Rebecca Kangogo Chesir
Cheap Carolina Panthers Jerseys , runner-up at the Vienna Marathon this year, took second in 2:30:31. Rahma Tusa Chota of Ethiopia was third in 2:33:22.
"It's very nice, very good," said Beyene, runner-up of the Barcelona Marathon in March. "It's a little bit hot. I didn't expect to win, but I am really happy. This is my first time coming to Beijing Marathon. They city is very good, amazing. I hope I can come here nex.
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