Stocks plunge as a dismal start to 2016 gets worse

NEW YORK, N.Y. (WIVB) — The dismal start to 2016 on Wall Street got a lot worse Wednesday.
Stocks tumbled again on fears of a global slowdown and alarm over plummeting oil prices, officially sending the Standard & Poor’s 500 index into what’s known as a correction, or a drop of 10 percent or more from its peak.
The Dow Jones industrial average also slumped, losing more than 300 points.
The eight-day drop is the worst start to a year in the history of both the S&P 500 an