Dow Jones Plunges More Than 1,000 Points Amid Global Market Selloff

U.S. stocks took a nosedive on Monday morning amid a worldwide stock market selloff as fears of a possible U.S. recession have mounted in recent days. The Dow Jones Industrial Average dropped 1,072 points, or 2.7 percent, soon after the market opened on 9:30 a.m. ET, following a 611-point loss on Aug. 2. The S&P 500 dropped 4.1 percent, and the Nasdaq Composite sank by 6.3 percent moments after the opening bell but it regained ground and was down only about 3 percent by 10 a.m. The Dow Jones’s worst drop in history in terms of points came in the early part of the COVID-19 pandemic. At that time, it plunged 2,997 points on March 16, 2020, or 12.9 percent....