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.
The Shanghai composite lost more than 5 percent Monday, while the Hang Seng closed more than 2.5 percent lower.
In currencies, the Canadian dollar, known as the loonie, followed oil lower, as its U.S. counterpart traded at levels not seen since 2004.The dollar hit a low of 116.68 yen before regaining some strength — levels not seen since the flash crash on Aug. 24, 2015, when the dollar hit a low of 116.46 yen. South Africa's rand also plunged on Monday, falling more than 8 percent to 16.7879 against the dollar.
Materials fell more than 1.5 percent as one of the greatest decliners in the S&P 500 as Freeport-McMoRan held more than 20 percent lower in afternoon trade. Copper traded more than 2 percent lower to hit $1.97, its lowest since April 2009. The sharp decline in Freeport came amid news Arch Coal filed for Chapter 11 bankruptcy protection, as part of a restructuring agreement reached with lenders who hold more than $4.5 billion of the coal mining company's debt.
— CNBC's Gina Francolla, Christopher Hayes and Evelyn Cheng contributed to this report.