
The Dow Jones Industrial Average tumbled 389.24 points, or 3.20 percent, to close at 11,780.94, l
The S&P 500 dropped 46.82 points, or 3.67 percent, to finish at 1,229.10.
All 10 S&P sectors closed firmly in negative territory, led by banks and materials.
The Nasdaq slumped 105.84 points, or 3.88 percent, to end at 2,621.65.