Stock Market Turmoil: Dow Plummets More Than 1,000 Points at Open

Stocks nose-dived at the opening bell Monday on Wall Street. Within minutes of the first trades, the Dow Jones industrial average plunged 1,000 points.

The decline extended the losses of last week, already the worst for the stock market in four years.
Investors grew nervous two weeks ago when China devalued its currency, raising concerns that the world's second-largest economy — a huge market for American products — is not nearly as healthy as it appeared.

Stocks quickly bounced back somewhat, and a half-hour into trading the Dow was down about 600 points. The biggest single-day point decline for the Dow was 777 points, during the financial crisis in September 2008.


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