An electronic screen shows the trading data at the New York Stock Exchange in New York, the United States, on Jan. 27, 2020. U.S. stocks ended significantly lower on Monday. The Dow fell 1.57 percent to 28,535.80, the S&P 500 decreased 1.57 percent to 3,243.63, and the Nasdaq dropped 1.89 percent to 9,139.31. (Xinhua/Wang Ying)
An electronic screen shows the trading data at the New York Stock Exchange in New York, the United States, on Jan. 27, 2020. U.S. stocks ended significantly lower on Monday. The Dow fell 1.57 percent to 28,535.80, the S&P 500 decreased 1.57 percent to 3,243.63, and the Nasdaq dropped 1.89 percent to 9,139.31. (Xinhua/Wang Ying)

The Dow plunged nearly 1,200 points, or over 4.4 percent, below the 26,000 psychological level on Thursday as market sell-off continued amid risk-averse sentiment.

The broader S&P 500 declined 4.4 percent and the tech-heavy Nasdaq dropped 4.6 percent.

All of the 30 Dow component companies closed in red territory, with Microsoft and Dow shedding 7.05 percent and 6.61 percent, respectively, leading the laggards.

All of the 11 primary S&P 500 sectors closed lower. Real estate and energy declined 5.59 percent and 5.47 percent, respectively, the top two laggards.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, jumped 29.86 percent to 35.79. Enditem

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Xinhua News Agency, Xinhuanet is an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity. Established on November 7, 1997, as an online news provider of the Xinhua News Agency, it was officially named Xinhuanet on March 10, 2000 and began around-the-clock news release with leading online public opinion at home and setting a good image of China abroad as its main task.

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