U.S. markets plunged at the open Monday following a big drop in Chinese stocks. The Dow Jones industrial average fell more than 1,000 points in early trading.

Stock Market Plunges on China Jitters

U.S. markets plunged at the open Monday following a big drop in Chinese stocks. The Dow Jones industrial average fell more than 1,000 points in early trading.

From NBC News:

Stocks took a stomach-turning dive on Monday, sending the Dow Jones industrial average down more than 1,000 points in a matter of seconds. The market recovered some of its losses but was still way down for the day.

The sudden plunge was reminiscent of the fear that gripped the markets during the financial crisis of 2008, and it followed big declines in Asia and Europe.

Investors around the world are worried about China, the world’s second-largest economic power and a huge market for American products. China devalued its currency two weeks ago and has shown other signs of economic weakness.

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