The Dow industrials dropped 1,000 points Monday, as major U.S. stock indexes’ 2022 swoon accelerated.
The market slide extended to the cryptocurrency market, with Bitcoin losing half of its market value since its November high. Favored speculative stock investments, including technology stocks and smaller company stocks have led the market slump. The Russell 2000 index of small stocks is down 21% from its 52 week high, with the tech-heavy Nasdaq Composite down almost 19%.