Stocks tumble as Wall Street's fears turn to China

It was the worst performance since May for the S&P and the Nasdaq, while the Dow logged its worst day since July.Stocks spent the whole day deep in the red and the Dow fell more than 970 points at its low point. The market recovered slightly before the closing bell rang, but it was still an awful session: The Dow finished down 1.8%, or 614 points. The S&P 500 , the broadest measure of Wall Street, closed down 1.7%, while the Nasdaq Composite fell 2.2%.

But in spite of the timing, it's far from certain that Evergrande's crisis will become a similarly systemic event, according to Ryan Detrick, chief market strategist for LPL Financial. For one, Evergrande has physical assets that could be sold to help settle its debts, Detrick said. He also expects a restructuring — rather than a default — of Evergrande's US dollar-denominated bonds.

For the first time since May, we'll be hearing comments about the stock market from Donald Trump & the GOP.

Havent had any kind of actual correction in a VERY long time. Relax

Calm down everyone, 2 % drop means nothing

We will crash the market before the left can tax capital gains.

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All 30 Dow stocks fall as Evergrande default fears spark selloffShares of all 30 components of the Dow Jones Industrial Average undefined are trading lower in Monday's premarket, led by financials, as part of a global... this is terrible news 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
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Stock Market Falls; Dow, S&P 500 Down More Than 2%Concerns over heavily indebted property developer China Evergrande spurred a broad retreat in riskier assets including stocks and oil. It's 2%...it's nothing. StockMarket Happens every year at this time 2 words:. Mitch McConnell
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »