Stocks fell broadly on Wall Street Monday, following declines overseas and extending a weak patch that has brought the U.S. market down over the past two weeks
Stocks slumped in morning trading on Wall Street Monday in a broad sell-off that extends an already weak streak for major indexes.
Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — are rippling across markets.
The S&P 500 fell 1.5% as of 10:03 a.m. Eastern. The benchmark index hasn’t had a decline of more than 1% since mid-August. It’s also coming off two weeks of losses and is on track for its first monthly decline since January.
The Dow Jones Industrial Average fell 495 points, or 1.4%, to 34,086 and the Nasdaq fell 1.7%.
Technology companies led the broader market lower….