Dow finishes down 588 points after briefly plunging 1,000 points

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Stock index with Tokyo stock exchange
Hiroshi Watanabe

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NEW YORK — The Dow Jones industrial average finished Monday down 588 points after day of massive swings.

The slump is part of a global wave of selling triggered by increased signs of an economic slowdown in China.

The Dow fell 588.47 points, or 3.6 percent, to 15,871.28. The index dropped more than 1,000 points in the opening minutes of trading.

The Standard & Poor’s 500 index slid 77.68 points, or 3.9 percent, to 1,893.21.

The Nasdaq composite shed 179.79 points, or 3.8 percent, to 4,526.25 points.

Treasury notes rose. The yield on the benchmark 10-year note fell to 2.01 percent from 2.04 percent on Friday.

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