For Dec. 30, 2015, here's the top stock market news and stocks to watch based on today's market moves...
Dow Jones: 17,603.87; -117.11; -0.66%
S&P 500: 2,063.36; -15.00; -0.72%
Nasdaq: 5,065.85; -42.09; -0.82%
The Dow Jones Industrial Average today (Wednesday) dropped 117 points as oil prices declined again and International Monetary Fund managing director Christine Lagarde projected a disappointing growth forecast for 2016 and beyond. Lagarde warned a stronger U.S. dollar could fuel a wave of bond defaults by foreign companies, which would "infect" banks and global economies.
In economic news, U.S. sales of previously owned homes fell in November. The decline was a surprise to economists and raises concerns that the housing sector is losing momentum as 2015 comes to a close.
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