After the Dow Jones Industrial Average opened by falling 1,000 points Monday as a result of the weakening Chinese economy, traders went into a frenzy. Some stocks saw trading at three times the normal rate, and the New York Stock Exchange as a whole saw its busiest trading day in four years, CNN Money reported. [The Dow ultimately closed down 588 points.]
The top 10 stocks traded Monday included some of Wall Street’s heavy hitters. Bank of America Corp (NYSE:BAC) led the way, with a total of 213 million shares traded. Its stock price dropped by 5 percent to $15.29. Apple Inc. (NASDAQ:AAPL) was No. 2, with 161 million shares traded. Its price dropped by 2.5 percent, closing at $103.12.
General Electric Company (NYSE:GE) saw 90 million shares traded Monday, and a price drop of 2.9 percent, closing at $23.87. Microsoft was close behind, with 88 million shares traded. Microsoft closed at $41.68, dropping by 3.2 percent.
Intel Corporation (NASDAQ:INTC) was the No. 5 most traded stock, with 83 million shares traded Monday. It saw a price drop of only 1 percent, closing at $26.25. Some 82 million shares of Facebook Inc. (NASDAQ:FB) were traded, and it saw a 4.6 percent price drop, closing at $82.09.
AT&T Inc. (NYSE:T) had 76 million shares traded and saw a price drop of 3 percent, closing at $32.37. Technology company Cisco Systems Inc. (NASDAQ:CSCO) saw 59 million shares traded and closed at $25.19, a drop of 4.8 percent.
A total of 59 million Ford Motor Company (NYSE:F) shares were traded, with the automaker seeing a price drop of 4.8 percent, closing at $13.19. Netflix (NASDAQ:NFLX) was the No. 10 most traded stock, with 57 million shares traded. It closed at $96.88 with a 6.38 percent.
The Dow bounced back Tuesday, rising by more than 400 points by midday.