North American stock indexes plunged steadily throughout the day, with losses on the Dow Jones industrial average and the Standard & Poor 500 entering correction territory. In New York, the Dow was down 1,032.89 points, or 4.15 per cent, to 23,860.46, and the S&P 500 index was down 100.66 points, or 3.75 per cent, to 2,581.00. The Dow and the S&P 500 are both 10 per cent below the record highs the indexes set just two weeks ago, putting them in what is known on Wall Street as a “correction.” Read more: ‘Be patient, don’t panic’ amid market mayhem, expert saysArticle Continued Below

Source: thestar February 08, 2018 16:18 UTC