It all started in Asia.
Stocks fell 8.5% in Shanghai and 4.6% in Japan on Monday (Aug. 24). The global selloff then spread to Europe, where the Stoxx 600 was down roughly 4.5%.
In the United States, the Dow Jones Industrial Average briefly fell more than 1,000 points at the open—the biggest intraday decline ever, according to the Wall Street Journal—before rebounding slightly as the day progressed. But it’s still ugly out there: At mid-morning, the Dow, S&P500 and Nasdaq Composite were all down about 3%.
We’ll be keeping track of the the rocky markets right here.