The previous week’s steep selloff resumed, gathering momentum as the session progressed. The S&P 500 had its biggest one-day drop since December 18. The tech-loaded Nasdaq slid 4.0%, its biggest single-day percentage drop since September 2022. The Dow Jones Industrial Average fell 890.01 points, or 2.08%, to 41,911.71. The Nasdaq Composite dropped 727.90 points,. or 4.00%, to 17,468.32. The CBOE Volatility Index, often called the \”fear index,\” surged to its highest close since August 2024.. On the NYSE, 7 stocks rose and 3,641 stocks fell as declining issues outnumbered advancers by a 3.64-to-1 ratio on the New York Stock Exchange. On. the Nasdaq, 7 shares rose and 7 stocks fell. The NYSE posted new 52-week highs and new lows while the. Nasdaq recorded 32 new highs and 290 new lows.