NEW YORK (Reuters) — A selloff in emerging markets sent a cold chill down Wall Street, triggering a slide Friday and making January its worst month since May 2012, after one of its best years in more than a decade.
For January, the Dow tumbled 5.3 percent and the S&P 500 slid 3.6 percent — their worst monthly percentage declines since May 2012.
The January loss followed the S&P 500’s gain of 30 percent in 2013 — its best year since 1997.
In Friday’s session, energy and consumer discretionary shares had the biggest declines of the day after some disappointing earnings. The S&P energy index ended the day down 1.5 percent, while the consumer discretionary index fell 1.3 percent.