CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, as growing concerns about the U.S. economy rocked global stock markets. The Dow plummeted over 1,000 points, while the S&P 500 andand text advertising markets.

Main Street Research CIO James Demmert agreed that a"healthy correction" was"overdue" given recent high valuations. Chicago Fed President Austan Goolsbee's comments that the Fed would"fix it" if economic conditions deteriorate significantly could provide assurance for a jittery market. Wall Street's fear gauge spiked to as high as 65 during Monday's pullback, though later pulled back to about 38.

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