US index Dow Jones posts biggest one-day drop since Aug 2011
US' benchmark Dow Jones index closed 4.6% lower on Monday, its steepest single-day drop since August 2011. The index plunged by 1,175 points to end at 24,345 and is now down 8.5% from the record high it hit in late January. Around $1.25 trillion was wiped from the value of American equities after the sell-off on Monday. 