U.S. stocks fell sharply on Monday after the third round of negotiations between Russia and Ukraine failed to yield results, coupled with the impact of unstable oil prices.
The Dow fell more than 800 points at one point, dragged down by a nearly 8% drop in American Express, to close near its lowest level of the day.
The benchmark index fell nearly 3%, a step into the correction zone.
The Nasdaq tumbled 3.6%, falling into bear market territory.
The Dow Jones closed at 32,817 points, down 797 points or 2.37%; the S&P 500 closed at 4,201 points, down 127 points or 2.95%; the Nasdaq closed at 12,830 points, down 482 points or 3.62%.
American Express fell 7.99%, Tesla fell 4.02%, Apple fell 2.37%, AMD fell 5.04%, Meta fell 6.29%, Goldman Sachs fell 2.36%, and JPMorgan Chase fell 3.86%.
Russia-Ukraine stalemate The Dow once fell 800 points and the Nasdaq entered the technical adjustment zone. US billionaire investors: financial markets reacted to the conflict between Russia and Ukraine. Excessive inflation is the big problem