Biggest one-day declines for the Dow Jones industrial average

StocksAssociated Press

U.S. stocks closed sharply lower on Monday, part of a global wave of selling triggered by worries of economic slowdown in China.

The Dow Jones industrial average plunged more than 1,000 points shortly after the open of trading, before regaining ground throughout the day. Despite rallying after the initial sell-off, the Dow ended the day 588.40 points, or 3.6 percent, lower.

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The point decline was the eighth-largest ever, but on a percentage basis, it doesn't make the top 10 declines for the index, according to S&P Dow Jones Indices: