(CNBC) — Stocks fell sharply Monday, pushing the S&P 500 to breach the 4,000 level for the first time in more than a year as the market sell-off continued.
The Dow Jones Industrial Average dropped 610 points, or 1.9%. The S&P 500 fell 3.1%, while the Nasdaq Composite lost 4.2%.
The S&P 500 traded as low as 3,988.23 on the day, dipping below the 4,000 mark for the first time since April 2021 and pulling back 17% from a 52-week high as traders struggled to bounce back from last week’s big market swings. All sectors except for consumer staples dipped into the red.
