gianmarco lorenzi heels S&P down 6.7 pct

* VIX jumps 50 pct, S&P nears bear market territory * All S&P components end in negative territory * Banking, energy sectors among hardest hit; BofA plummets * Dow off 5.6 pct, S&P down 6.7 pct, Nasdaq off 6.9 pct


By Ryan Vlastelica

NEW YORK gianmarco lorenzi heels , Aug 8 (Reuters) - U.S. stocks plunged on Monday,taking the S&P 500 down more than 6 percent on growing fearsof a recession, exacerbated by the loss of the country'spristine triple-A credit rating.

Panicked selling on heavy volume resulted in the S&P 500'sworst day since December 2008kids ugg boots clearance s Motherhood Maternity Nail Trix New York &, with every stock in thebenchmark index ending in negative territory.

"We're starting to see real disorderly selling, far morethan what we've been seeing gianmarco lorenzi heels ," said Matthew Peron gianmarco lorenzi heels , head ofactive equities at the Chicago-based Northern Trust, which hasabout $650 billion in assets under management.

Based on the surge in the VIX, he added gianmarco lorenzi heels , "We're startingto move into panic mode."

Perceptions that Washington is incapable of addressing theproblems of rising debt and slowing growth have contributed tothe selling. This was underlined by selling that picked upduring a statement from President Barack Obama that offeredfew concrete ways to resolve the fiscal and economicproblems.

The anxiety about the U.S. economy was matched by risingworries about Europe's debt problems, where the latestinitiative to buy Italian and Spanish bonds is far from enoughto solve the euro zone's debt crisis. Continued...