Stocks slide as volatility continues
CNN
It's no turnaround Tuesday on Wall Street: Stocks resumed their selloff at the opening bell for another ride on the market roller coaster.
All three major indexes opened sharply lower and extended their losses in the first hour of trading. The Dow (INDU), which fell more than 1,000 points at its lowest point on Monday, was down 2.2%, or some 750 points.
The S&P 500 (SPX), once again on track to close in correction territory, traded 2.6% lower. A correction is defined as a 10% drop from the most recent peak. In the case of the S&P, that was just three weeks ago, when it hit its record high on January 3.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.