People walk by the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. Spencer Platt/Getty Images/AFP
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Wall Street bled a sea of red Friday, with the S&P 500 sinking to its lowest level since October 2014 and the Dow losing more than 500 points as oil prices sank below $30 per barrel.The Russell 2000 small-cap index fell as much as 3.5 percent to its lowest level since July 2013 .At 2:59 p.m. the Dow Jones industrial average was down 2.18 percent at 16,021.26 and the S&P 500 was down 1.97 percent to 1,884.04 .The S&P 500 has fallen around 13 percent and the Dow 14 percent from their highs in May, pushing them into what is generally considered "correction territory". The S&P 500 index showed no new 52-week highs and 135 new lows, while the Nasdaq recorded five new highs and 493 lows.
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