How the Dow Jones industrial average fared on Monday

U.S. stocks closed sharply lower on Monday following a steep sell-off in materials, financials and technology stocks. The market pared its losses by the end of the day but still ended down for the second day in a row. The Nasdaq composite index closed almost 20 per cent below its record high last year.

On Monday:

The Dow Jones industrial average fell 177.92 points, or 1.1 per cent, to 16,027.05.

The Standard & Poor’s 500 index lost 26.61 points, or 1.4 per cent, to 1,853.44.

The Nasdaq composite index slid 79.39 points, or 1.8 per cent, to 4,283.75.

For the year:

The Dow is down 1,397.98 points, or 8 per cent.

The S&P 500 is down 190.50 points, or 9.3 per cent.

The Nasdaq is down 723.66 points, or 14.5 per cent.