US STOCKS-Wall Street sinks; Nasdaq hits lowest since Aug. 24

viernes 15 de enero de 2016 10:45 GYT

* Oil prices drop 5 pct

* All 30 Dow stocks down

* Intel down on growth worries

* Citi, Wells Fargo fall after results

* Indexes down: Dow 2.19 pct, S&P 1.98 pct, Nasdaq 2.89 pct (Updates to open)

By Abhiram Nandakumar

Jan 15 (Reuters) - Wall Street sank on Friday morning, with the Nasdaq hitting its lowest since Aug. 24 and the Dow plunging nearly 400 points, as oil prices dived below $30 per barrel.

The sell-off was broad, with all 10 major S&P sectors in the red and all 30 Dow components lower. The beaten-down energy sector's 3.1 percent slide led the declines.

Brent crude prices, which have fallen 20 percent this year, were down nearly 5 percent as the market braced for oil from Iran to flood an already oversupplied market.   Continuación...