Dow Drops Over 1,000 Points Monday, Stocks Extend Losses Before Making Same-Day Turnaround

The Dow Jones Industrial Average (DJIA) dropped over 1,000 points on Monday as stocks extended their three-week declines before making a same-day turnaround minutes before closing time. At its lowest point on Monday, the market was on track for its worst day since October 2020, with the DJIA down more than 1,000 points before making an apparent recovery, closing 0.3 percent, or 99 points, higher. The S&P 500 index, the broadest measure of the U.S. equities market, closed with a gain of 0.3 percent after plunging roughly 4 percent during the day. Meanwhile, the tech-heavy Nasdaq index, which at one…