The Dow Jones fell nearly 500 points on the first day of September, continuing the volatility of the August market, according to AZCentral. The stock market dip could be a sign of things to come for the month.
August was the worst month for the Dow Jones since May 2010. The Dow Jones sunk so low on Tuesday afternoon that it has again fallen into what's known as correction territory. The Standard & Poor 500 stock index and Nasdaq composite index are both down as well, indicating that Wall Street's roller coaster ride over recent weeks is not yet over.
The economic troubles in Beijing are behind the turbulent U.S. stock market, AZ Central reported. Factory losses have affected the Chinese stock market, and from there the problem has spread around the globe. Stocks are down in Japan and Europe as well. Canada's Toronto Stock Exchange fell 300 points on Tuesday, according to CBC.
The 400-plus point decline means the Dow Jones is down at least 2.5 percent as of Tuesday afternoon, pulling the average down more than 10 percent into correction territory. The European stock markets closed with 2 to 3 percent losses for the day, according to SFGate.
