All 30 Dow stocks fall as Evergrande default fears spark selloff

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All 30 Dow stocks are lower in premarket action

Shares of all 30 components of the Dow Jones Industrial Average DJIA, -0.48% are trading lower in Monday's premarket, led by financials, as part of a global equity selloff sparked by concerns over the collateral damage from the potential default by China-base real estate developer Evergrande Group EGRNY, +28.84% 3333, -10.24%.

Among the biggest early decliners, shares of American Express Co. AXP, +0.79% sank 2.9%, Goldman Sachs Group Inc. GS, -1.32% gave up 2.5% and J.P. Morgan Chase & Co. JPM, -0.26% shed 2.5%. The most active Dow stock was Apple Inc.'s AAPL, -1.83%, which slid 1.2%. The best performer was Traveler Companies Inc.'s stock TRV, -0.24%, which slipped just 0.1%. Meanwhile, Dow futures YM00, -1.56% tumbled 540 points, or 1.6%.

 

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Trader1137 If I was a betting man I would take a good bet this is only the start of big trouble for $DJI. Many research has proved that TheDawieSetup does not often get it wrong on longer term charts, and it sees a lot of pain ahead for many of the DOW constituents

this is terrible news

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