Mid-Day Recap: Losses in China Drive U.S. Equities South

by devteam August 31st, 2009 | Share

Stocks have had a rough day in the final session of August. After a sell-off in China hurt investor sentiment in Europe, US equity markets opened lower and have failed to bounce halfway through the day. 

As of 1:30, the NASDAQ is off 1.39% to 2,000, followed by a 1.22% dip in the S&P 500 to 1,016, while the Dow trades 0.95% lower at 9,453. 

Bad as that may be, these losses are moderate relative to the 6.74% drop in China’s Shanghai Index, the CSI’s tumble â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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