Monday, August 24, 2015

Stocks end a wild day down about 4%, as market turmoil spreads from China

August 24, 2015

The New York Times

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August 24, 2015

 
BREAKING NEWS
Stocks end a wild day down about 4%, as market turmoil spreads from China

Monday, August 24, 2015 4:08 PM EDT

Stock prices around the world bounced around wildly on Monday as investors debated if and when governments are likely to step in to calm the turmoil that has recently spiraled out from China.
The Dow Jones industrial average plunged over 1,000 points immediately after the opening bell on Monday morning before recovering much of those losses and then dropping again nearly 600 points at the close.
That followed a stock market rout in China — immediately named “Black Monday” by local commentators — in which the main Shanghai stock index fell 8.5 percent.
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