US stocks open sharply lower, extending global rout
Dow Jones Industrial Average was down 3.1%, S&P 500 dropped 4%, Nasdaq slumps 5.5%
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Wall Street stocks dived in opening trading Monday, extending a sell-off after last week's poor July US employment report raised recession worries.
About five minutes into trading, the Dow Jones Industrial Average was down 3.1 percent at 38,522.00.
The broad-based S&P 500 dropped 4.0 percent to 5,130.57, while the tech-rich Nasdaq Composite Index slumped 5.5 percent to 15,846.60.