The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday.
The Dow Jones Industrial Average (^DJI) sank 614 points, while the S&P 500 (^GSPC) fell 75 points and the Nasdaq Composite (^IXIC) plunged 330 points. It was the market’s worst one-day slide in months and shattered an extended stretch of calm for stocks. The S&P 500 hadn’t fallen more than 1% since mid-August.
Investors were rattled by news that the major Chinese real estate developer…
Source link
