The top trending topic on Twitter this morning is Black Monday:
#BlackMonday
#BlackMonday is Here. Hold On to Your Butts. | RedState
18.9K Tweets about this trend
We’re even seeing crash advice for Americans:
Ex-Gordon Brown advisor @DPMcBride is somewhere between “nervous” and “concerned–
Stocks in freefall-
Yahoo Finance reported:
Wall Street plummeted early Monday — with the Dow falling more than 1000 points — as traders aggressively sold stocks and bid-up only the safest asset classes.
The Dow Jones Industrial Average tumbled 1065.4 points, or 6.5% , to 15419, the S&P 500 plunged 97.6 points, or 4.9% , to 1874, and the Nasdaq Composite dived 328 points, or 7% , to 4385.
In a sign of the intensity of the selling, trade in S&P 500 and Nasdaq 100 futures was repeatedly halted early Monday after the contract hit the 5% overnight limit. NYSE also invoked so-called “Rule 48,” which is used in times of high volatility to smooth the open of trade.
Global equity markets faced selling across the board on the day. China’s volatile Shanghai Composite (000001.SS) crumbled 8.5% , wiping out its gains for the year, while Japan’s Nikkei 225 (^N225) tumbled 4.6% . The selling ricocheted across European bourses, sending the Euro Stoxx 50, a gauge of large-capitalization eurozone companies, sinking 5.3% .
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