Dow plunges 799 points

The Dow dropped 799 points on Tuesday. At one point in the day, the index was down 818 points. It closed the day down 3.1%.

The S&P 500 declined 3.2%, while the Nasdaq tumbled 3.8%.

The selling erased nearly $800 billion from the S&P 500’s market value. It was the Dow’s fourth-biggest point decline in history.