The Dow Jones Industrial Average fell nearly 1,600 points at its lows on Monday, after a period of selling accelerated sharply heading into the close of the session. Amplifying the slump was computer-programmed trade set to dump shares at certain levels. According to traders, the Dow was set to trigger trades once it fell below 25,000, for example, and 2,700 for the S&P 500 . Most recently, the S&P 500 was off 71 points, or 2.6% at 2,690, the Nasdaq Composite Index was down 148 points, or 2%, at 7,095. The Dow, meanwhile, lost as much as 1,500 points, and was most recently down 800 points, or 3.1%, at 24,737.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News