Dow plunges nearly 600 points at opening bell before turning positive

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A trade worker at the New York Stock Exchange.
(Image credit: Andrew Burton/Getty Images)

The Dow Jones Industrial Average plunged more than 500 points at the opening bell on Tuesday after a tumultuous Monday that saw the single biggest daily points loss in history. At Tuesday's opening, the Dow was down 10 percent since its record high on Jan. 26, "putting it in correction territory," The Wall Street Journal reports.

By 10 a.m., though, the Dow had reversed its course and was up more than 150 points.

"People need to be a little bit cautious," Randy Frederick, the vice president of trading and derivatives for Charles Schwab, told ABC News. "It's time to sit back and wait because we might not have hit bottom."

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Jeva Lange
Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.