Bad Day Turns Terrible as Dow Suffers Worst Point Plunge Ever

  • Selloff reached 1,597 points during 15-minute frenzy
  • Indexes fall most by 6 1/2 years as stock rout deepens
Citigroup Private Bank’s Steven Wieting discusses the plunge in U.S. stocks, yields and the bond market.(Source: Bloomberg)
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Even before the opening bell, Monday looked like a bad day for the U.S. stock market.

But not even pessimists were prepared for the white-knuckled ride that for 15 harrowing minutes sent the Dow Jones Industrial Average tumbling almost 1,600 at its lowest point -- its biggest intraday point decline in history.