Stocks Plunged as Energy Shares Crumbled

U.S. stocks ended with Big losses on Thursday, giving up all of the prior day’s big jump,led by a slump in energy stocks. The Dow Jones Industrial Average slid 334.97 points, or 1.97%, to 16,659.25. The S&P 500 was down 40.68 points, or 2.07%, to 1,928.21. The Nasdaq Composite fell 90.26 points, or 2.02%, to 4,378.34.

A top Federal Reserve official seen as closely aligned with Fed Chair Janet Yellen said Thursday that he expects the U.S. central bank to starting lifting interest rates from their current near-zero level in the middle of next year.

Freddie Mac (FMCC) Multifamily announces a new initiative to purchase and securitize small multifamily loans of $1-$5 million and with at least five apartment units.

Symantec Corp. (SYMC) said late Thursday that the security software maker will split into two separate, publicly traded companies.

Online retail giant Inc. plans to open its first brick-and-mortar store, according to people familiar with the plans.

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