US Stocks in Sell-Off Again Due to Worries About China
More bad news from China leads to worries about a global economic slowdown.
— -- Following more bad news from China, U.S. stocks had another bad day as investors remain jittery over a slowdown in the world's second-largest economy.
A report in China said manufacturing in that country fell to a three-year low last month. The Shanghai Composite Index closed down today 1.2 percent. American investors fear that an economic slowdown in China will affect U.S. exports to that nation.
Today, the Dow Jones Industrial average, Nasdaq and S&P 500 all ended the day in the red. The Dow briefly dropped more than 500 points and closed down about 2.8 percent, or 469 points at the end of trading in New York. The S&P 500 fell about 2.7 percent and the Nasdaq closed down nearly 3 percent.
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