Dow Dips Over 200 Points, Market Volatility Increases

US stocks closed lower on Monday, as investors digested recent comments from the Federal Reserve officials.

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The S&P 500, during the previous week, recorded its biggest weekly percentage surge since late June.

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The Nasdaq 100 dropped 0.98% to close at 11,700.94 on Monday, amid gains in shares of Microsoft Corp (NASDAQ: MSFT) and Amazon.com, Inc. (NASDAQ: AMZN)

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The S&P 500 fell 0.89%, while the Dow Jones dipped over 211 points to settle at 33,536.70 in the previous session.

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Major sectors on the S&P 500 closed on a negative note, with real estate and consumer discretionary stocks recording the biggest plunge on Monday

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health care stocks, bucked the overall market trend, gaining around 0.1% in the previous session.

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The Chicago Board Options Exchange's CBOE Volatility Index (VIX) gained 4.8% to 23.60 points

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