World Stock Markets Dived as Dow Slumped over 1000 Points

Selling pressure in stock markets accelerated. Recall the slump in Wall Street overnight, DJIA dived as much as 1 500 points at one instant before recovery. Led by energy and financial shares, the index ended the day at 24346, down -1175 points or -4.6% for the day. S&P 500 index also fell -113 points, or declined -4.1%, to settle at 2648.94 for the day. Volatility has clearly increased with the VIX index up +13 points to the highest level in three years

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