DOW Plunges 800 Points On Fears of Slowing Economic Growth, Banks Lead The Decline
Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street.
The Dow Jones Industrial Average fell 741 points, or 2.8 percent, and was on pace for its worst day since Oct. 10. At its low of the day, the Dow had fallen more than 800 points. The S&P 500 declined 2.5 percent to trade below its 200-day moving average as the financials sector lagged. Utilities was the only positive sector in the S&P 500, rising 0.8 percent, and was on pace for its highest close in more than a year. The Nasdaq Composite also dropped 2.8 percent. Trading volume in U.S. stocks was also higher than usual