Stocks fell sharply Monday, but ended off session lows, as worries about spillover from the potential collapse of China property giant Evergrande shook up global financial markets. The DJIA fell around 614 points, or 1.8%, to close near 33,970.
Stocks fell sharply Monday, but ended off session lows, as worries about spillover from the potential collapse of China property giant Evergrande shook up global financial markets. Investors were also jittery ahead of the start Tuesday of a two-day meeting of Federal Reserve policy makers.
The Dow Jones Industrial Average DJIA, -1.78% fell around 614 points, or 1.8%, to close near 33,970 after dropping by more than 970 points at its session low. The S&P 500 SPX, -1.70% fell around 75 points, or 1.7%, to close near 4,358, while the Nasdaq Composite [: comp] gave up 330 points, or 2.2%, to finish near 14,714.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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...
Read more »
World stocks tumble over Evergrande contagion fearsEvergrande, one of China's biggest developers, is on the brink of collapse as it wallows in debts of more than $300 billion.
Read more »
US stocks fall on fears of contagion from China real estateStocks are opening broadly lower on Wall Street, following declines overseas and extending a weak patch that has brought the U.S. market down over the past two weeks.
Read more »
Stocks tumble as Wall Street's fears turn to ChinaThe Dow and the broader US stock market fell to close sharply lower Monday. The market tumbled over China fears. It was the worst performance since May for the S&P and the Nasdaq, while the Dow logged its worst day since July.
Read more »
Morgan Stanley says it's looking more likely stocks fall 20% in 'destructive outcome' for bull runWeakening economic data could pull the stock market toward the more negative of Morgan Stanley's 'fire' or 'ice' outlook, according to strategist Mike Wilson.
Read more »
Asian stocks tense for Fed tapering newsAsian shares eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely to take another step toward tapering.
Read more »