Yikes: Dow Drops 1,000 Points

Cortney O'Brien
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Posted: Aug 24, 2015 10:10 AM
Yikes: Dow Drops 1,000 Points

We knew it would be bad, but this bad?

Following its worst week since 2011, the Dow Jones industrial average plunged to near historic lows Monday morning. Much of the dive is thanks in part to a disastrous Chinese economy.

A few more devastating numbers:

As the stock markets opened in the United States, the Standard & Poor’s 500-stock index and the Dow Jones industrial average plunged more than 5 percent. The Nasdaq was down more than 8 percent.

Sarhan Capital CEO Adam Sarhan has captured today's news in four words: "Fear has taken over."

Update: The stock market has quickly gained back half of its losses.