Worthy Christian News » US News » U.S. Economy » Wall St. suffers worst day in four years, S&P confirms correction


Wall St. suffers worst day in four years, S&P confirms correction

Tuesday, August 25, 2015 | Tag Cloud Tags: , ,

(Worthy News) - Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple.

The Dow Jones industrial average briefly slumped more than 1,000 points, its most dramatic intraday trading range ever.

Monday's drop followed an 8.5 percent slump in Chinese markets, which sparked a selloff in global stocks along with oil and other commodities.

Wall Street had stayed in s narrow range for much of 2015, but volatility jumped this month as investors became increasingly concerned about a potential stumble in China's economy and after Beijing surprisingly devalued its currency. [ Source

]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » U.S. Economy » Wall St. suffers worst day in four years, S&P confirms correction

2 thoughts on “Wall St. suffers worst day in four years, S&P confirms correction

Leave a Comment

Worthy Christian News » US News » U.S. Economy » Wall St. suffers worst day in four years, S&P confirms correction