Finance: Stocks are rolling over

Stocks opened down, but are slowly coming back.

• The Dow opened lower by about 250 points on Monday following last week's slide.
• After a round of buying the dip at the open, markets are now trading lower again.
• Watch the Dow trade in real time here.

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The US stock market is rolling over on earlier gains.

After a 666-point drop in the Dow Jones industrial average on Friday, its biggest single-day point drop since October 2008, the index opened down another 250 points on Monday. That selling extended the drop from the previous Friday's record-high close to more than 5%.

Investors bought the dip from the open and sent the index to be almost flat for the day, before selling continued. It's now trading 1.85% lower. Elsewhere, the S&P 500 is down 1.58%, and the Nasdaq 100 is down 0.97%.

Many of the mega-cap tech names that reported earnings last week are rebounding on Monday. Apple, Amazon, Microsoft, and Google all started Monday down 1.5% to 2% but are now trading higher.

Also Monday, Broadcom extended another offer for its rival chipmaker Qualcomm. The previous $103 billion bid was upped to $120 billion, even though Qualcomm has previously said it is not interested in selling.

Wells Fargo is among the biggest losing stocks Monday morning. Shares of the bank are down 6.82% to $59.70 after the Federal Reserve barred the bank from growing any larger until it improves its compliance and governance policies.

The Business Insider team has been hard at work analyzing the recent downturn in the markets. Here are some of the best stories explaining why the markets are in decline ...

• Hedge funds are making an unprecedented bet that's signaling more stock market pain. Some of the market's most influential investors are making an unprecedented bet that near-termbond yields will climb — and that could continue heaping pressure upon stock traders.
• The global stock bloodbath has nervous traders doing something not seen since the presidential election. For much of the stock market's blistering bull market run, investors have stayed remarkably calm, with measures of fear locked near historical lows.
• Bitcoin dives below $7,000 for the first time since November 15. The cryptocurrency is down nearly 64% since hitting an all-time high above $19,000 in December.
  
• Stocks are reeling over something most people were hoping for. Driving the selloff are fears of a potential surprise in inflation following US tax cuts and signs of firmer wage growth in Friday's jobs report.
  
  

Read more about what's happening today in the markets.

Stocks opened down, but are slowly coming back. Read Full Story