Dow Drops 1,175, Biggest-Ever Point Drop

NEW YORK (CBS NEWS) – U.S. stocks plunged on Monday, marking a second day of trading that generated steep declines, amid fears of rising inflation and potential rate increases by the Federal Reserve.
The Dow Jones Industrial Average plunged 1,175.21 points, or 4.6 percent, closing at 24,345.75 on Monday. Earlier in the afternoon, the index declined more than 1,500 points before recovering slightly. Even though it marks the biggest point drop ever, the market’s decline is far fro