Zee Media Bureau
In line with the European and Asian stocks, the US stocks on Monday opened in red with the Dow Jones index falling about 1000 points, the largest single-day drop since 2008.
The Wall Street entered correction territory on Monday, with the Dow sliding below 16,000 for the first time since February 2014 following a more-than 8 percent drop in Chinese stocks and a selloff in oil and other commodities.
The Dow Jones industrial average fell 955.93 points, or 5.81 percent, to 15,503.82, the S&P 500 lost 94.92 points, or 4.82 percent, to 1,875.97 and the Nasdaq composite dropped 378.08 points, or 8.03 percent, to 4,327.96.
Major European and Asian stock markets slumped and commodity prices hit new lows Monday as a Chinese-led rout spread globally, fed by fears of a damaging slodown in the world`s second-largest economy.
With Agency Inputs
