We knew it would be bad, but this bad?
BREAKING: DOW FALLS MORE THAN 6.5%, MORE THAN 1000 POINTS http://t.co/Rcl0uPU0c2 pic.twitter.com/4qfEqDjwg5
— CNBC Now (@CNBCnow) August 24, 2015Advertisement
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.
Join the conversation as a VIP Member