U.S. stocks fell aggressively Monday on concern a rebound in Covid cases would slow global economic growth. The selling picked up as the session went on, and the Dow Jones Industrial Average had its worst day since last October.
The Dow dropped 725.81 points, or 2.1%, to 33,962.04 in a broad-based rout that sent all 30 members lower. At one point during the session, the Dow was down 946 points before recovering some ground into the close.
The S&P 500 fell 1.6% to 4,258.49. Energy, financials and industrials were the worst-performing sectors.
The tech-dominated Nasdaq Composite slid 1.1% to 14,274.98, posting its fifth-straight day of losses and worst losing streak since October.
The 10-year Treasury yield reached a five-month low of 1.17%, exacerbating fears about the slowing economy. The small-cap Russell 2000 dropped 1.5% and briefly dipped into correction territory on an intraday basis – down more than 10% from its March…