NEW YORK — Fresh doubts over the U.S. economic recovery pushed the stock market closer to a long-awaited correction as investors worried about global growth.
The Dow Jones industrial average plummeted 326 points on Monday as the index of blue-chip stocks continued the steep sell-off from January.
The Dow fell 326.05, or 2.1%, to 15,372.80 on Monday, its worst day this year. The Dow has shed more than 1,200 points so far this year.
The broader Standard & Poor’s 500 index fell even harder, losing 40.70 points, or 2.3%, to 1,741.89. For the year, the S&P 500 is down about 6% — the most it has fallen since late May to late June of last year, according to S&P Capital IQ.
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