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| Slide on US stock markets continues | Slide on US stock markets continues |
| (35 minutes later) | |
| (Close): The sell-off on Wall Street continued on Monday with the main share indexes ending down sharply again. | (Close): The sell-off on Wall Street continued on Monday with the main share indexes ending down sharply again. |
| Airlines and energy stocks were among the big losers on continuing worries about the strength of the global economic recovery. | Airlines and energy stocks were among the big losers on continuing worries about the strength of the global economic recovery. |
| The Dow Jones fell 222 points, or 1.4%, to 16,321, while the S&P 500 fell 31 points, or 1.7%, to 1,874. The Nasdaq fell 62 points, or 1.5%, to 4,213. | The Dow Jones fell 222 points, or 1.4%, to 16,321, while the S&P 500 fell 31 points, or 1.7%, to 1,874. The Nasdaq fell 62 points, or 1.5%, to 4,213. |
| Last week, US markets suffered some of their biggest falls for two years. | Last week, US markets suffered some of their biggest falls for two years. |
| On Monday, the VIX, a measure of volatility known as the "fear index", rose 12.7% to 23.95, its highest level since June 2012. | On Monday, the VIX, a measure of volatility known as the "fear index", rose 12.7% to 23.95, its highest level since June 2012. |
| "We've broken down to a point where we haven't been for a long, long time," said Randy Frederick, managing director of trading and derivatives at Schwab Center for Financial Research. | "We've broken down to a point where we haven't been for a long, long time," said Randy Frederick, managing director of trading and derivatives at Schwab Center for Financial Research. |
| Wall Street's main markets began the day higher, but turned negative in afternoon trading. | Wall Street's main markets began the day higher, but turned negative in afternoon trading. |
| Airlines suffered on further fears that the Ebola virus outbreak will curb travelling, and general worries about the global economy. | |
| 'Negative effect' | 'Negative effect' |
| Despite falls in the cost of crude oil, which in theory should lower airlines' fuel costs in the long term, shares in American Airlines Group fell 7.1% and Delta Air Lines fell 6.1%. | Despite falls in the cost of crude oil, which in theory should lower airlines' fuel costs in the long term, shares in American Airlines Group fell 7.1% and Delta Air Lines fell 6.1%. |
| "Whether it's correct or incorrect, trader opinion right now is continued worsening of the Ebola situation is going to have a negative effect on travel and leisure," said Michael James, managing director of equity trading at Wedbush Securities. | "Whether it's correct or incorrect, trader opinion right now is continued worsening of the Ebola situation is going to have a negative effect on travel and leisure," said Michael James, managing director of equity trading at Wedbush Securities. |
| The S&P energy sector lost 2.9%, extending recent losses. It is down 7.6% for the last three sessions, its worst three-day slide since September 2011. | The S&P energy sector lost 2.9%, extending recent losses. It is down 7.6% for the last three sessions, its worst three-day slide since September 2011. |
| Wall Street's sell-off also hit carmaker Fiat Chrysler Automobiles, which on Monday debuted on the New York Stock Exchange at $9 a share. | Wall Street's sell-off also hit carmaker Fiat Chrysler Automobiles, which on Monday debuted on the New York Stock Exchange at $9 a share. |
| The shares closed at $8.92, after hitting a peak of $9.55. | The shares closed at $8.92, after hitting a peak of $9.55. |