Worries about spreading contagion from troubles in China’s property market sent U.S. stocks toward their steepest declines in months on Monday.
The S&P 500 dropped 2.2%, with its losses accelerating midday. The Dow Jones Industrial Average lost 2.2%, or more than 750 points, dragged down by shares of Caterpillar and financial heavyweights like Goldman Sachs . The technology-focused Nasdaq Composite Index fell 2.6%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
2 words:. Mitch McConnell
Happens every year at this time
It's 2%...it's nothing. StockMarket
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Falls on Chinese Property FearsConcerns over heavily indebted property developer China Evergrande spurred a broad retreat in riskier assets including stock futures and oil. what is blackrock up to? Maybe wallstreet is trying to frighten white house and fed, threatening parliment. Globalization still sways the markets - what happens on China has an effect in the USA
Source: WSJ - 🏆 98. / 63 Read more »
Evergrande fears send stock market tumbling: Here’s what investors need to know about the China property giantEvergrande, a Chinese property giant, is on the brink of default. Here's what investors need to know. Lehman Brothers, Trillion of dollars failure, no noise, Evergrande 300 billion so much noise.
Source: MarketWatch - 🏆 3. / 97 Read more »
The stock market may be losing steam. Is it time to sell?A storm of threats to the market have pushed stocks into the red recently. Here are some things to keep in mind before you rush for the exits. 👎🏽 Too late … time to buy not sell. No don’t sell. YOU WILL NEVER GET BACK IN AT THE PRICE YOU ORIGINALLY HAD.
Source: CNBC - 🏆 12. / 72 Read more »