Global sell-off turns to chaos in rocky day for financial markets
A worldwide selling frenzy on Monday bruised U.S. stocks and sent the Dow Jones Industrial Average plunging nearly 600 points, as investors worried over China’s slowing economy extended a global-market meltdown.
The Dow fell more than 1,000 points within six minutes, its largest single-day slump in history, before staggering back to close down 588 points, or 3.6 percent, its lowest point in 18 months. It marked the second straight day of a 500-point-or-more loss for the Dow, a blue-chip index of 30 large companies.
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