KQED Nightly Business Report September 29, 2015
Number of recognizable companies. By the close the Dow Jones Industrial average dropped 312 points to 16,001. The s p declined by 49 points falling below 1,900. And the nasdaq took the biggest hit, down 3 . The main drag on the nasdaq was the biotech sector. The biotech etf fell more than 6 , putting it in bear market territory. As for oil, domestic crude was off nearly 3 . Mary thompson has more on the selloff from the new york stock exchange. Reporter another selloff on wall street blamed on some famili culprits. Concerns about slowing growth in china leading to weakness inkn commodity stock...