Dow Bounces Back After Plummet

dow stocksThe Dow Jones Industrial Average dropped 1000 points minutes after the opening bell Monday thanks to fears about China’s economic slowdown. The index rebounded by 1 p.m. to being down about 150 points.

Earlier in the day, the Shanghai Composite index dived 8.5 percent in what the state-run Xinhua New Agency called “China’s Black Monday.” Markets in Hong Kong, Japan, and Europe all tumbled; a combined $5 trillion was erased from global equity markets in the turmoil. Read more at Marketwatch.



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