Stocks Drop the Most Since May on Worries Over China, Fed

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Hi Mike Rossi a reporting stocks dropped the most since may on worries over China and the fed worries about a potential collapse by Evergrande one of China's largest real estate developers and the potential ripple effects across markets sent stocks tumbling on Wall Street Monday the markets are also worried the federal reserve may pull back its support for the economy the S. and P. five hundred suffered its biggest drop in four months falling over seventy five points or one point seven percent to four thousand three fifty seven seventy three after two weeks of losses the S. and P. five hundred is on track for its first monthly decline since January the Dow Jones industrial average briefly dial nine hundred seventy one point fell six fourteen to thirty three thousand nine seventy the nasdaq fell three hundred thirty points or two point two percent losses mirrored drops in overseas markets hi Mike Rossio

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