Dow plunges more than 1,000 points as global stock rout deepens on recession fear

Getty Images; Chelsea Jia Feng

• The stock market crashed Monday, with the Nasdaq 100 dropping nearly 6%.
• The decline began last week after poor earnings reports and a weak July jobs report.
• Japan's surprise rate hike and Berkshire Hathaway's Apple stake cut fueled investor fears.

US stocks crashed on Monday, with the Nasdaq shedding nearly 6% as the global market rout that kicked off late last week accelerated.

The Nasdaq Composite plunged and the Dow...