It's shaping up to be another ugly day on Wall Street as stocks are opening sharply lower.  

The Dow Jones Industrial Average plunged close to a thousand points in the opening minutes.

Last week's broad selloff has continued after Chinese markets dropped more than eight percent today.

Oil and commodities also fell.

Last week, the Dow fell more than a thousand points -- its largest drop since October 2008.

The S&P 500 and Nasdaq were down around five percent.