Global markets crash Wall Street's stock sell-off intensified in a major way Monday as concerns mounted over the health of the US economy.
The Dow Jones Industrial Average (^DJI) lost over 1,000 points. The Nasdaq Composite (^IXIC) was crushed by over 4% after the tech-heavy index entered into a correctionwith Friday's sharp losses. The S&P 500 (^GSPC) losses cascaded over 3%.
Wall Street's "fear gauge" — the CBOE Volatility Index (^VIX) — soared, reaching its highest level since the early days of the COVID-19 pandemic. Treasury yields plummeted, with the benchmark 10-year Treasury yield (^TNX) sinking below 3.8%.