Dow closes down triple digits, posts worst opening day in 8 years
The Dow Jones industrial average closed about 275 points lower. The index closed down 1.58 percent, for its worst start to the year since Jan. 2, 2008, when the Dow fell 1.66 percent.
Earlier, the index fell 467 points, or more than 2.5 percent, temporarily on pace for its largest percent decline on the first trading day of the year since 1932.
"I guess it makes a little more difficult hole (at the) start of the year for the market to dig itself out of," said Daniel Deming, managing director at KKM Financial. "This is just a culmination of some of the things built up over the weekend — conflict in the Middle East, lower highs and lower lows," he said.Comment: Heatmap image source - screen shot here. I rarely mention specific investments, but today I bought shares of HSBC.