U.S. stocks fell, tracking a selloff in global equity markets, amid a deepening rout in all but the safest assets.
The
Standard & Poor’s 500 Index slid 4.8 percent to 1,876.16 at 9:34
a.m. in New York, with the benchmark hitting its lowest level since
October.
Calm
in the U.S. market shattered last week, with volatility soaring by the
most on record as the Dow entered a correction and investors dumped the
biggest winners of 2015. A gauge of volatility expectations more than
doubled last week. Shares succumbed to a global selloff that’s wiped
more than $5 trillion off the value of equities around the world since
China’s shock currency devaluation on Aug. 11.
Source : Bloomberg
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