U.S. stocks plunged on Monday and Tuesday as investors grappled with mounting concerns over the health of U.S. economy.
The Dow Jones Industrial Average fell 890.01 points, or 2.08 percent, to 41,911.71. The Standard and Poor’s 500 dropped 155.64 points, or 2.70 percent, closing at 5,614.56, while the Nasdaq Composite Index tumbled 727.90 points, or 4.00 percent, to 17,468.33, its worst day since 2022.
Nine of the 11 primary Standard and Poor’s 500 sectors ended in the red, with technology and consumer discretionary suffering the steepest declines, falling 4.34 percent and 3.90 percent respectively. In contrast, utilities and energy managed to post modest gains of 1.04 percent and…
