Yahoo Finance's Jared Blikre breaks down the sector action as stocks head lower into the close.
European stocks fell heavily again on Friday as worries about a sudden halt to central bank stimulus and rising tensions between Western powers and Moscow drove one of the worst ever starts to a year for world stock markets. MSCI's 50-country main world index is now down over 8.1% for the month, which will be its worst January since the 2008 global financial crisis year.
Asian spot liquefied natural gas (LNG) rose this week as cold weather in Japan and parts of northern China lifted demand and amid concerns over European supply disruptions from Russia. The average LNG price for March delivery into north-east Asia rose to $27.00 per metric million British thermal units (mmBtu), up $4.00 or 17.4% from the previous week, industry sources said. Colder weather in Japan has caused a rapid decline in LNG stockpiles and prompted some utilities to buy on the spot market to secure additional supplies, traders said.