Stock market suffering disastrous day, Dow slides over 1,000 points

U.S. markets are taking a hit Monday with the Dow falling over 1,000 points to start the day and semiconductor stocks like Nvidia and Intel dipping over 7%. Overseas, Japan's market had the worst day in its history, dropping over 12%. CBS News contributor J.D. Durkin has more.

[Chenghaop]

My life changed too when I started doing this and putting money in stocks. The first few years it as really great, but this year I haven't felt like my portfolio is doing well. I have lost more than $40, 000 from my portfolio the past four months, and it's now very worrisome.

[MB-qxvn]

When the government tells you not to panic, it’s exactly the time to panic.

[Athena]

Trump said the Biden administration would do this.

[McNuttDickerson]

If big corporations are taking their money, maybe you should because they probably know something you don’t.

[kennak]

“Don’t panic” while we pull all our funds out first!

[AmericaFirst]

Of course they tell people not to panic what else would they say 🤣🤣🤣

[patrickahaus]

Greed is having karmic justice repaid for all they have done to the American people.

[happyislandman]

Dont panic until the big money has a chance to get out

[LastoftheMohicans]

My grants aren’t panicking. They’re still getting their $20k in food stamps and debit cards.

[robertanderson]

I thought there was a bit of a bubble. People living on what is essentially money lending more than actual production. Sort of a byte circle these days. Big unproductive population feeding on us.

[optimal]

I thought the Biden administration said inflation was “transitory”.

[minoly]

looks like profit-taking... buy the dip 🙂

[JogBird]

Vote Harris if you want more of the same

[louismat]

you have just as good as a chance to be wealthy playing the lotto

[abrahamaguilar]

And people are still going to vote for Kamala because of her gender and race, like the economy does not impact them.

[snowlothar]

This Kamala crash has me deciding if food or heat later this winter is more important. Goodbye 401K.

[paulrusso]

Now is the time to BUY! Fear is a powerful emotion, causing these irrational people to sell real cheap. BUY, BUY, BUY!

[duncanstewart]

The Asian markets dipped earlier it should rebound given the basics.

[nr]

Americans don’t have any crisis about your race or gender; VOTE on Nov if we care about fixing the economy, addressing inflation, handling wars, and resolving the border crisis.

[lesliehatun]

Ahh, everyone is taking a profit. Does Wall Street need a tax break? They need another handout.