New story in Business from Time: The Dow Just Erased All the Gains for 2018 in a Single Day
The Dow Jones industrial average plunged 1,175 points, or 4.6 percent, erasing its gains for the year. The Dow’s drop Monday was its biggest in terms of points, but it had a larger percentage drop as recently in 2011. The Dow is down 8.5 percent from the record high it hit in late January. The …