After a roller coaster ride, U.S stocks ended mixed on Monday, as declines in commodity prices weighed on overall market sentiment. So, just how bad did the market perform for the day?
The Dow Jones industrial average traveled about 200 points before settling about 52 points higher. Despite gains for the Dow, the index is still in correction territory, off its 52-week high by 10.6 percent. The Dow is currently on pace for its worst monthly performance since August 2015 when the index lost 6.57 percent.
Dow Jones intraday
The S&P 500 closed slightly higher, while the Nasdaq composite has yet to end a day in the green this year. The Nasdaq composite underperformed as some major tech stocks struggled to hold higher and the iShares Nasdaq Biotechnology ETF (IBB) briefly traded more than 4 percent lower. The Nasdaq briefly fell 1 percent in afternoon trade.
The CBOE VIX hit a fresh high of 27.13, its highest level since September 2015 when the volatility index hit a high of 28.20. For January, the VIX has gained 48 percent, on pace for its biggest monthly gain since August 2015, when it added 134.57 percent.
In oil, the pain continued as U.S. West Texas Intermediate (WTI) crude settled at $31.41 a barrel after hitting a 12-year low.