Worry deepens as markets continue to plummet
North American stock markets witnessed another massive sell-off on Monday as investors grew increasingly worried about the health of the global economy.
In Toronto, the S&P/TSX composite index closed with a loss of 491.21 points, or roughly four per cent, at 11,670.96. It has now lost 1,145 points over three trading days.
In New York, the Dow Jones industrial average tumbled below 11,000, falling 634.76 points, or 5.55 per cent, to 10,809.85. The Dow’s decline was the steepest since Dec. 1, 2008.
The Nasdaq was off 174.72 points, or 6.9 per cent, to 2,357.69, and the S&P fell 79.91 points, or 6.66 per cent, to 1,119.47.
According to a Bloomberg report, all of the stocks in the S&P 500 index declined on “for the first time since at least 1996.”
