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Stock market news today: Stock rout deepens as Dow plunges over 1,100 points, S&P 500, Nasdaq sink over 3%

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Wall Street's sell-off was set to intensify in a major way Monday as concerns mounted over the health of the US economy.

Wall Street's stock sell-off intensified in a major way Monday as concerns mounted over the health of the US economy. The Dow Jones Industrial Average fell over 1,000 points. The Nasdaq Composite was crushed by more than 3.4% after the tech-heavy index entered into a correction with Friday's sharp losses. The S&P 500's losses cascaded nearly 3%, its worst start to any month since 2002.

Some of the biggest companies in the stock market saw their values plummet. Apple declined about 5% amid the sell-off and news that Berkshire Hathaway had cut its stake in the company in half. Nvidia's pulled back 7%. Tesla fell more than 4%. Crypto also took a beating, with bitcoin sinking more than 10% to creep back toward the $54,000 level. The concerns have spread throughout the world, as well.

 

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