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Wall St sell-off: US stocks fall most in 6 yrs, Dow slips 1600 points

US. stocks saw their biggest one-day fall in six years on Monday, as investor profit taking brought the market back down from record highs seen in late January

Reuters  |  NEW YORK 

  US  stocks saw their biggest one-day fall in six years on Monday, as investor profit taking brought the market back down from record highs seen in late January, after benchmark bond yields rose to a four year high last week. The Dow Jones Industrial Average fell nearly 1,600 points for its biggest intraday drop in history in points terms, or more than 6.0 percent, before ending down 1,175.21 points, or 4.6 percent for its biggest one-day fall since August 2011. Only last month the Dow and benchmark S&P 500 index had their best monthly gains in two years, with ...

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First Published: Tue, February 06 2018. 08:30 IST
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