Dow briefly falls more than 10 percent from high

0
507
Dow briefly falls more than 10 percent from high

2018-02-05 20:59:54

NEW YORK (Reuters) – The Dow briefly fell more than 10 percent from its Jan. 26 record high on Monday before paring losses to trade above its lows of the day.

Both the Dow and S&P 500 were last down more than 3 percent, while the Cboe Volatility index .VIX jumped more than 100 percent on the day and hit its highest since August 2015.

The Dow Jones Industrial Average .DJI fell 938.27 points, or 3.68 percent, to 24,582.69, the S&P 500 .SPX lost 81.16 points, or 2.94 percent, to 2,680.97 and the Nasdaq Composite .IXIC dropped 174.27 points, or 2.41 percent, to 7,066.67.

Reporting by Caroline Valetkevitch; Editing by Nick Zieminski

Our Standards:The Thomson Reuters Trust Principles.


Original Source