Dow industrials post largest-ever point decline Stock indexes around the world erase 2018 gains Traders describe a sense of anxiety as Dow tumbled

The long-running global stock rally turned into a rout Monday as the Dow Jones Industrial Average posted its largest-ever, single-day point decline and major indexes in the U.S., Europe and Asia gave up their gains for the year.

Traders described a growing sense of anxiety throughout the day and the Dow briefly dropped nearly 1,600 points. Although it quickly pared losses, the...