Dow plummets 1,400 points, oil prices drop as global recession concerns mount
U.S. stocks and bond yields tumbled Monday, extending a global rout after a sharp drop in crude prices intensified concerns about a global recession.The Dow Jones industrial average tumbled 1,400 points, paring initial losses after dropping more than 2,000 points in morning trading. The Standard & Poor’s 500 teetered on the brink of a bear market, typically defined as a fall of at least 20% from a recent high. The broad index was off 17% from its Feb. 19 record after […]
