Dow Falls 180 Points on Rate Hike Worries

FOXBusiness

What goes up, must come down. After a six-week party with the bulls, the Dow, S&P 500 and Nasdaq all saw their worst declines since September on Monday. This as investors woke up from Friday's better-than-expected October jobs report with the cold water splash in the face that a rate hike could be just a month away. The Dow closed down 1% to 17, 731, the selloff dragging the index back into negative territory for 2015. The S&P 500 fell 20 points, with all 10 S&P 500 sectors closing in the red. The Nasdaq fell more than 1%.

Consumer discretionary, energy and financial stocks fared the worst during the bloodbath.

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And as stocks plunged, investor anxiety surged to a three-week high. The VIX index, considered the market's fear gauge, spiked 15%.

A bright spot amid the sea of red was Dow transports. Norfolk Southern (NYSE:NSC) surged after a Bloomberg report that Canadian Pacific Railway (NYSE:CP) is considering a takeover of the U.S. railroad. CSX (NYSE:CSX), Kansas City Southern (NYSE:KSU) and Union Pacific (NYSE:UNP) also rallied, green with envy.

Lions Gate (NYSE:LGF) got beaten down in after hours trading after reporting  a worst-than-anticipated quarter. The stock fell more than 10% after hours. Its CEO blamed the results on timing; the quarter included disappointing box office results from American Ultra, and promotional costs for Sicario. Maybe the studio's upcoming release of the new Hunger Games will erase some of the  red.

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