Dow Drops Over 1,000 Points Monday, Stocks Extend Losses Before Making Same-Day Turnaround

A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones Industrial Average on Nov. 2, 2021. Richard Drew/AP Photo

The Dow Jones Industrial Average (DJIA) dropped over 1,000 points on Monday as stocks extended their three-week declines before making a same-day turnaround minutes before closing time.

At its lowest point on Monday, the market was on track for its worst day since October 2020, with the DJIA down more than 1,000 points before making an apparent recovery, closing 0.3 percent, or 99 points, higher.