U.S. Stock Markets Plummet; Dow Sinks Below Correction Threshold
New York — U.S. stocks plunged lower Tuesday, following the rest of the world’s markets down, as investors reacted to fresh news of China’s economic slowdown. The blue-chip Dow Jones industrial average dropped nearly 3 percent, falling 469.68 points, to 16,058.35, while the broad-based Standard & Poor’s 500 index fell 58.33, also about 3 percent, to 1,913.85. The sell-off of U.S. shares, which appeared to be finding at least a...
