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The US markets accelerated their losses in the final minutes of trading to close sharply in the red for the fourth-straight session after last week’s disappointing jobs report raised concerns over the strength of the economy.
The Dow Jones industrial average fell 130.55 points, or 1.00 percent, to end at 12,929.59. The Standard & Poor’s 500 Index slid 15.88 points, or 1.14 percent, to 1,382.20. The Nasdaq Composite Index dropped 33.42 points, or 1.08 percent, to close at 3,047.08.