Stocks Tumble; 89 Percent of Local Stocks Fall

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The Dow Jones industrial average fell 588 points in Monday trading to close at 15,871, its lowest close since February 2014.

The S&P 500 fell 78 points to close at 1,893.

The Nasdaq fell 180 points to close at 4,526.

The LABJ Stock Index fell 10 points to close at 207.

Of the 158 stocks on the LABJ Stock Index, 140 lost value Monday, while just 10 companies saw shares rise. Eight stocks were unchanged on the day.

The day’s biggest gainer was Mid Wilshire bank holding company Broadway Financial Corp. Shares of the company’s thinly traded stock rose 8 percent to close at $1.47, though only about 1,000 shares changed hands Monday.

Among stocks trading above $1, the day’s biggest loser was Chatsworth oil firm California Resources Corp. Shares fell 14 percent Monday to close at $2.82.

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