Wall Street closes down 3.6%,
worst plunge since 2011
US stocks closed with the Dow Jones Industrial Average down 588 points, recovering from the shocking plunge of 1,000 points at the opening bell on Monday. The S&P 500 was down over 77 points as the trading stopped on the busiest day of the year for investors.
Wall Street closed suffered one of the steepest falls in four years. The volatile session saw the main indexes plunge by 5 percent during the day before correcting and closing down nearly 4 percent. The Dow opened with a stomach-churning 1,000-point plunge following world market panic and the biggest Chinese stock slide since 2007.