US stocks plunge on China growth fears
US stocks have sharply fallen amid rising concerns over the slowing economic growth in China.
All three stock indexes fell more than 1% in the afternoon on Monday, the first day of trading.
The S&P 500 SPX, dropped 1.4% with the Dow Jones Industrial Average falling about 1.1%.
Meanwhile, the Nasdaq Composite COMP plunged 1.8%.
The stocks shed after the release of weak economic data from China made investors jittery.
Latest figures show that China’s industrial profits in August witnessed an 8.8% year-on-year decrease, giving rise to the concerns that growth in the world’s second-largest economy is slowing faster than expected.
Meanwhile, European stocks also were down, with the Stoxx Europe 600 index closing down 1.2%.
Pakistan says Iran's gas project ‘need of the hour’, pushes for US sanctions waiver
Israeli economy plunges almost 20% as Gaza war takes heavy toll
IMF to urge China to shift growth model towards consumption
VIDEO | Leader meets workers on Labor Week
French police called in to break up US-style pro-Palestinian student demo
VIDEO | US continues starving Syrians, stealing their resources
Yemeni forces strike Israeli ship, Port of Eilat in solidarity with Gaza
Columbia, Yale students bent on ending US support for Israeli genocide
VIDEO | Genocide in Gaza
Iran calls on BRICS to play role in stopping Israeli crimes
President Raeisi’s historic visit opens new chapter in Iran-Pakistan ties
This makes it easy to access the Press TV website
