The sell-off came as renewed worries about China’s economy piled on top of global financial markets already battered by rising interest rates.
Stocks racked up more losses on Wall Street Monday, leaving the S&P 500 at its lowest point in more than a year. The selloff came as renewed worries about China’s economy piled on top of global financial markets already battered by rising interest rates. The S&P 500 tumbled 3.2%, deepening its losses following five straight down weeks, its longest such streak in more than a decade. The New York Stock Exchange operates during normal business hours in the Financial District in Manhattan, New York on Wednesday, Oct.13,2021. (John Minchillo/AP) The Dow Jones Industrial Average fell 2% and the Nasdaq pulled back 4.3% as tech-oriented stocks again took the brunt of the selling.
