Dow Jones drops 2 percent, 450 points on track to worst opening in 84 years

WASHINGTON, Jan. 4 (UPI) -- The Dow Jones Industrial Average dropped 450 points on Monday, falling below the 17,000 level as it is on track to becoming the worst trading day opening since 1932.

As of midday trading, Dow Jones fell by more than 2 percent, the S&P 500 Index fell about 2 percent and the NASDAQ dropped 3 percent. The U.S. market's overall drop follows a global trend after China used its "circuit breaker" stock policy to halt trading.

"It seems like fear woke up early in 2016 and hope is basically sleeping in," David Kelly, chief global strategist at JPMorgan Funds, told CNN Money .... http://www.upi.com