Dow tumbles more than 500 points as Wall Street's fears turn to China
The S&P 500 , the broadest measure of Wall Street, opened 1.5% lower, while the Dow fell 550, or 1.5%. The Nasdaq Composite dropped 1.7% at the opening bell.Evergrande, which is struggling to manage its $300 billion mountain of debt, was supposed to pay the interest on some of its bank loans Monday, according to Bloomberg. The company will also have to pay interest on two of its bonds worth more than $100 million later this week on two of its bonds, according to Refinitiv.
Adding a dash of melancholy, this crisis comes at the thirteenth anniversary of the collapse of Lehman Brothers.But it's not just worries about contagion that are pushing the market lower. US stocks struggled for direction last week and market analysts have long said a correction is needed after the long rally that pushed stocks up to record highs.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Dow futures drop 300 points as China property fears growWall Street is poised for a weaker start on Monday.
Consulte Mais informação »
Dow futures skid 500 points as China property fears growGood morning to everyone but stock-market investors. 😲
Consulte Mais informação »
Tulsa Massacre 100 years later: Black Wall Street reimagined as Black tech hubBusines and tech leaders are looking to rebuild Tulsa's Black Wall Street. But others say reparations are due.
Consulte Mais informação »
Top Wall Street analysts believe these stocks are poised for upsideTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Amazon & Salesforce
Consulte Mais informação »
Occupy Wall Street Changed EverythingTen years later, the significance of Occupy Wall Street is undeniable, write astradisastra and jonathansmucker. Photographs by transientphotog
Consulte Mais informação »
Wall Street’s Love Affair With China Is Headed For TroubleThroughout 2020, even as back-to-back U.S. administrations were mobilizing “China Free” supply chain initiatives and sanctioning Chinese companies and individuals for a host of issues—from the South China Sea to Xinjiang—Wall Street plowed more than $75 billion into China’s economy.
Consulte Mais informação »