US stocks open sharply lower, extending losses
U.S. stocks are plunging in early trading as traders flee risky assets.
The Dow Jones industrial average sank 328 points, or 2 percent, to 15,979 in the first few minutes of trading Wednesday.
The Standard & Poor's 500 rose fell 36 points, or 2 percent, to 1,840. The Nasdaq composite fell 84 points, also 2 percent, to 4,142.
Banks and health care stocks fell the most in early trading.
U.S. crude fell eight cents to $81.72 a barrel. Oil has been falling sharply as investors worry that global economic growth is slowing down.
Bond prices rose as investors shifted money into safe-haven investments. The yield on the 10-year Treasury note fell to 1.98 percent.