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Dow falls 800 points, enters correction as Nasdaq hits bear market

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Stocks tumbled with U.S. oil prices hitting the highest level since 2008 as Russia tightens its grip on Ukraine.

during the final hour of trading Monday as investors stepped up caution with oil prices hitting the highest levels since 2008 as the Russia, Ukraine conflict continues to dictate the market's direction.

The Dow Jones Industrial Average fell 801 points or 2.4% led by shares of American Express, Nike and Visa. The Dow entered correction territory, off 10%, from January highs.

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DAX 40 in a Bear Market, FTSE 100 Dragged Down to Key SupportThe main highlight overnight had been the spike higher in oil prices in which Brent crude futures rose to $139/bbl amid reports that US are considering whether to ban the import of Russian oil. Get your market update from JMcQueenFX here:
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