NEW YORK (Reuters) - U.S. stocks’ losses accelerated in afternoon trading on Monday, pushing the S&P 500 down more than 5 percent from its Jan. 26 record high and the Dow below 25,000 for the first time since Jan. 4.
The Dow and S&P 500 also fell below their 50-day moving averages, while the Cboe Volatility index .VIX was on pace for its largest one-day jump since August 2015.
The S&P energy index .SPNY, down 3.4 percent, led declines.
The Dow Jones Industrial Average .DJI fell 594.71 points, or 2.33 percent, to 24,926.25, the S&P 500 .SPX lost 57.18 points, or 2.07 percent, to 2,704.95 and the Nasdaq Composite .IXIC dropped 110.38 points, or 1.52 percent, to 7,130.57.
Reporting by Caroline Valetkevitch; Editing by Nick Zieminski
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.