S&P Market News Update

U.S. stocks suffered their worst declines in about two months on Wednesday as a renewed slump in oil prices slammed energy companies while investors fretted that a stunning drop in oil prices signals a more worrisome global-economic slowdown.

The S&P 500 SPX, -1.64%  index fell 33.68 points, or 1.6%, to 2,026.14, its biggest one-day percentage drop since Oct 13.