Dow slides 950 points third largest drop in history

Dow slides 950 points third largest drop in history

 

US stocks were sharply lower, with the Dow falling more than 950 points, sinking below 26,000 points for the first time since June. The Dow was on pace for its third-worst point drop in history.

The Nasdaq Composite fell 3.5%, its biggest decline since October 24, 2018. The Nasdaq logged its longest losing streak since November 2016, when it fell for nine-consecutive days in the lead-up to the presidential election.

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The S&P 500 traded 3.7% lower, and could post its worst day of 2019. The S&P 500 fell for six consecutive down days for the first time since October, and the Dow posted its longest losing streak since March.

Asian markets all fell more than 1.6% Monday, and Hong Kong’s Hang Seng closed down 2.9% as protests continue in the region. In Europe, London’s FTSE 100 finished down 2.5%. Germany’s DAX and France’ Cac 40 closed 1.8% and 2.2% lower, respectively.

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