A combination of plunging crude-oil prices CLG6, -4.94% and worries about slowing growth in the U.S. and China unsettled investors.
Stocks trimmed their losses in the last hour of trading, but remained sharply lower. The S&P 500 SPX, -2.16% closed 45 points, or 2.3%, lower at 1,876, with financials, information technology and energy leading the losses, reports Market Watch.
The Dow Jones Industrial Average DJIA, -2.39% fell 392 points, or 2.4%, to 15,987. Intel INTC, +0.07% led the Dow industrials lower, down more than 9%. Meanwhile, the Nasdaq Composite COMP, -2.74% ended the day down 127 points, or 2.7%, at 4,488.