Wall Street took a dive on Monday as coronavirus, Washington intransigence and earnings weighed on the market. All of this is creating a cocktail of uncertainty that the market doesn't like one bit.
US stocks sold off all day, from the opening to the closing bell, and the selloff just gathered pace during the trading session.
The Dow closed down 650 points, or 2.3%, after falling as many as 965 points at its low point. Not a single Dow stock closed in the green. It was the index's worst day since Sept. 3.
The S&P 500 — the broadest measure of the US stock market — closed down 1.9%, making it the index's worst day since late September.
The tech-heavy Nasdaq Composite, which had briefly bounced back from its lows in the morning, finished down 1.6%.
Energy, industrials and financials stocks are the among the worst performers of the day. Those sectors that are more sensitive to the economy and the pace of the recovery felt more pain Monday, said Eric Freedman, CIO at US Bank. But there were losses across all sectors.