Traders work on the floor of the New York Stock Exchange in New York on Feb. 5, 2018. Brendan McDermid—Reuters U.S. stocks plunged, sending the Dow Jones Industrial Average down 1,100 points as major averages erased gains for the year. Michael Nagle—Bloomberg via Getty Images Trader Peter Tuchman works on the floor where stocks took their worst loss in six and a half years. Richard Drew—AP/REX/Shutterstock U.S. stocks remained down after recovering from steeper early losses, while European and Asian equities slumped. Michael Nagle—Bloomberg via Getty Images A trader works on the floor during a volatile day in the stock market. Brendan McDermid—Reuters Traders look frustrated while on the floor at the NYSE. Michael Nagle—Bloomberg via Getty Images A trader holds his head at the closing bell of the Dow Industrial Average at the NYSE. Bryan R. Smith—AFP/Getty Images Wall Street stocks endured a brutal session Monday, with the Dow seeing its steepest ever one-day point drops. Michael Nagle—Bloomberg via Getty Images Following Fridays's over 600 point drop, the volatility of the stock market endured on Monday. Spencer Platt—Getty Images The Dow closed down 1100 points on Monday. Justin Lane—EPA-EFE/REX/Shutterstock Traders work on the floor at the NYSE. Spencer Platt —Getty Images A trader holds his head while working on the NYSE floor. Spencer Platt—Getty Images A trader stares at computer screens at the NYSE during the volatile day for the financial market. Jason Szenes—EPA-EFE/REX/Shutterstock The final numbers of the day are shown above the floor at the NYSE on Feb. 5, 2018. Brendan McDermid—Reuters
U.S. stocks plunged Monday with the Dow Jones Industrial Average sinking more than 1,100 points in an extremely volatile day for the market.
The biggest one-day selloff in history effectively erased all of the market’s gains since the first of the year.
Bitcoin continues to fall,
losing half of its value since the beginning of 2018. Meanwhile, only two stocks rose yesterday—TripAdvisor was up 3.7% and baking soda manufacturer Church and Dwight was up 2.4%. Dow stocks alone lost more than $300 billion, but these drops do not technically amount to a market crash. A market crash is generally defined by an abrupt and rapid decline of 20% or more. We’re not quite there yet.
The losses after the opening bell on Tuesday morning
sent the Dow into a correction, a 10% decline from its high less than two weeks ago. Global stock markets declined for the fourth consecutive day Tuesday, after experiencing record highs just over a week ago.
All of this volatility has investors and Wall Street worried. Check out the gallery above to see what it was like inside the stock market on Monday.