U.S. stocks fell sharply Monday, extending a steep sell-off from the previous session, as investors rushed for the exits in the wake of rising interest rates. For the S&P 500, it was the worst day in six years.

The Dow Jones industrial average shed 1,175.21 points to 24,345.75 and briefly declined more than 1,500 points. The 30-stock index also briefly traded flat earlier in the session, before the selling returned. Overall, the Dow traveled more than 5,100 points during the session.