Stocks fell sharply on Monday, the first trading day of 2016, as part of a global sell-off. Investors worried about new signs of a slowdown in China and a flare-up in tensions between Saudi Arabia and Iran, which sent the price of oil on another wild ride.
The Dow Jones industrial average fell 276.09 points, or 1.6 per cent, to 17,148.94.
The Standard & Poor’s 500 index lost 31.28 points, or 1.5 per cent, to 2,012.66.
The Nasdaq composite shed 104.32 points, or 2.1 per cent, to 4,903.09.