Update 4:19 p.m. EST: Folks took to Twitter immediately after markets closed on one of the worst days for the stock market since the financial crisis.
- "This is a sell-off like we haven't seen since November of 2008," said CNN's Poppy Harlow (via Brian Stelter).
- "How much qualifies as a crash?" wondered Guardian U.S. editor Janine Gibson
- "A bonified market crash: Dow -504," said Business Insider founder and veteran investor Henry Blodget.
- "Uh, happy birthday, Mr. President," wished David Beard, digital editor of National Journal.
Update 3:57 p.m. EST: The Dow continues to sink and went down as much as 515 points. Jake Tapper says this is the "biggest 1-day drop" since December 1, 2008 when the Dow plummeted 679 points.
Update 2:42 p.m. EST: The Dow hit a low of over 400 points down "with equities in the U.S. and Europe tanking, oil and gold falling, and short-term Treasury yields actually turning negative as money scrambles into anything deemed safe," according to Agustino Fontevecchia at Forbes.