Dow Jones drops 1,175 points at close, erasing gain for 2018

The Dow Jones industrial average briefly plunged nearly 1,600 points Monday as two days of steep losses for U.S. stocks brought an end to a period of record-setting calm in the market.
The Dow recouped about half that loss within minutes, but plunged again, its gains for the year gone at market close.
The slump began on Friday as investors worried that creeping signs of higher inflation and interest rates could derail the U.S. economy along with the market’s record-setting rally. Energy co