The Dow had its worst run as it plunged more than 600 points. What the fall means is that it has wiped out its 2018 gains. Stock market experts have their eyes set on the Indian markets now and how does the fall impact Indian stocks.
CNBC called it "another brutal day of selling at the wall street". This was the worst day for the NASDAQ since August 18, 2011.
With the mighty fall, the DOW and S&P 500 have officially turned negative for the remaining part of the year.
Check the Tweet Below
The Nasdaq plummeted 4.4%, its worst day since August 2011, as tech stocks nosedive.
The Dow plunged 608 points, or 2.4%. The S&P 500 lost 3.1%, closing down for the sixth day in a row. Both indexes are now negative on the year. https://t.co/YkyWQDif1B
— CNN Business (@CNNBusiness) October 24, 2018
The Dow ETF too closed below the 200-day moving average for the first time since March 2016. The Dow Jones Industrial Average, or simply the Dow, is a stock market index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market.