Stocks Finding Buyers After Brutal Open -- U.S. Commentary

(RTTNews) - U.S. stocks plunged Monday morning, extending heavy recent losses as the major averages fell to their lowest since last October.

However, the Dow has trimmed its losses and is now down only 2.4 percent.

Chinese equities melted down overnight, triggering huge losses in other global markets.

No sector has been immune today, save gold miners and gas refiners.

At one point, The Dow Jones Industrial Average dropped 1000 points, or 6 percent, to 15,441.

The dollar has dropped to $1.17 versus the euro, nearing its weakest levels of 2015.

U.S. crude oil briefly dropped below $38 a barrel, its lowest in six years.

Real estate stocks have plummeted 4.9 percent, while base metals have dropped 6.4 percent.

Among individual stocks seeing notable losses, Netflix (NFLX) was down 9 percent, Xerox (XRX) slipped 5 percent, and Cisco lost 3.3 percent.

On the bright side, Apple (AAPL) has fought all the way back from a decline of 10 percent.