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Dow Ends at 5-Month Low

The Dow Jones Industrial Average tumbled 185.23 points, or 1.45 percent, to end at 12,570.95, dragged by Bank of America [BAC 8.99 -0.34 (-3.64%) ] and Home Depot [HD 61.47 -1.91 (-3.01%) ]. Cisco [CSCO 17.6608 0.8108 (+4.81%) ] was the only gainer on the blue-chip index. Dow was down more than 200 points in its session low.

The S&P 500 dropped 19.04 points, or 1.39 percent, to close at 1,355.49. The Nasdaq declined 37.08 points, or 1.29 percent, to finish at 2,846.81, breaking into correction territory.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, jumped above 17.


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