As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by NBCNews.com:
Wall Street ended the day sharply down Monday as investors juggled risks on several fronts.
The Dow Jones Industrial Average fell by 972 at its session low, closing with a decline of more than 614 points, or 1.8 percent. The S&P 500 fell by 1.7 percent for its worst day since May, and the tech-heavy Nasdaq was down 2.2 percent.
The article goes on to state the following:
Fueling the market selloff was a global malaise emanating from the potential meltdown of China property giant Evergrande, heavily indebted and dangerously close to collapse as it seeks to raise funds to pay off $300 billion in liabilities.
The market awaits Federal Reserve Chairman Jerome Powell’s withdrawal of the central bank’s “easy money” policy.
FINANCIAL: Wall Street is closing in the red after a steep sell-off. At the closing bell, the Dow Jones Industrial Average lost 614 points to 33,970. The S&P 500 fell 75 points to 4,357. And, the Nasdaq lost 330 points to 14,713. pic.twitter.com/4ooGaKsFmW
— 1200 WOAI (@1200WOAI) September 20, 2021
— Kris Ketz (@KrisKetzKMBC) September 20, 2021
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