By: JeeYeon Park
CNBC.com Writer
Stocks kicked off the week with sharp losses,
with all three major averages posting their worst one-day performance
this year, amid renewed worries over Europe and as investors took a
pause after the Dow topped 14,000 for the first time since October 2007
last week.
The Dow Jones Industrial Average dropped 129.71 points, or 0.93 percent, to close at 13,880.08, dragged by Travelers and Merck, after finishing above the psychologically-important 14,000 level for the first time since October 2007 last Friday.
The S&P 500 slumped 17.46 points, or 1.15 percent, to finish at 1,495.71. The Nasdaq tumbled 47.93 points, or 1.51 percent, to end at 3,131.17.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, surged near 15.
The Dow Jones Industrial Average dropped 129.71 points, or 0.93 percent, to close at 13,880.08, dragged by Travelers and Merck, after finishing above the psychologically-important 14,000 level for the first time since October 2007 last Friday.
The S&P 500 slumped 17.46 points, or 1.15 percent, to finish at 1,495.71. The Nasdaq tumbled 47.93 points, or 1.51 percent, to end at 3,131.17.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, surged near 15.
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