Dow drops 1,175, biggest-ever point drop

NEW YORK (AP) – The Dow Jones industrial common plunged 1,one hundred seventy five factors, or four.6 %, erasing its positive factors for the yr.

The Dow’s drop Monday was its largest when it comes to factors, nevertheless it had a bigger proportion drop as just lately in 2011.

The Dow is down eight.5 % from the document excessive it hit in late January.

The droop started Friday as buyers nervous that larger inflation and rates of interest might derail the lengthy-operating rally.

At one level the Dow was down as a lot as 1,600 factors.

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