The U.S. stock market saw an ugly opening on Monday morning.
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TheU.S.stockmarketsawanuglyopeningonMondaymorning.
U.S.stockstookanosediveonMondayamidaworldwidestockmarketselloffasfearsofapossibleU.S.recessionhavemountedinrecentdays.
TheDowJonesIndustrialAveragedropped1,072points,or2.7percent,soonafterthemarketopenedon9:30a.m.ET,followinga611-pointlossonAug.2.TheS&P500dropped4.1percent,andtheNasdaqCompositesankby6.3percentmomentsaftertheopeningbell.
By3p.m.theDowwasstilldownmorethan1,000points,orabout2.6percent,whiletheNasdaqwasdown3.8percent.TheS&P500,meanwhile,posted3.2percentdecline.
TheDowJones’sworstdropinhistoryintermsofpointscameduringtheonsetoftheCOVID-19pandemic,inearly2020.Atthattime,itplunged2,997pointsonMarch16,2020,or12.9percent.
OtherthantheGreatDepression’sstartin1929,theworstU.S.stockmarketcrashcameonOct.19,1987,whentheDowJonesplunged22.6percentinwhatisnowknownas“BlackMonday.”
Nvidiadroppedmorethan7percentMonday,downabout21percentinthepastmonth.Appledropped5p
