NEW YORK — Apparel and retail issues Monday fell along with other stocks as the equity markets sank to depths that were recently unthinkable — and unseen since the late Nineties.

Starting the week with its third decline in as many sessions, the Dow Jones Industrial Average on Monday dwindled by 234.68 points, or 2.9 percent, to end the day at 7,784.58. Since last Wednesday’s close, the index is off 8.9 percent and is at its lowest level since October 1998.

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