September 20: Market Summary
Markets in turmoil amid Evergrande fears
Here are today’s market moves
The S&P 500 and other major indexes tumbled on Monday amid concerns about China’s troubling property market.
China’s largest property developer, Evergrande, is facing billions of debt with the threat of default. Investors worry it might send ripples across the global economy.
The S&P 500 and Dow Jones are down 3.65% and 3.93% so far in September, a month that is generally poor for stocks.
The crypto market fell on Monday, with Bitcoin trading near $43k, as cryptocurrencies sold off alongside other risk assets.
Wall Street’s “fear index,” the Cboe Volatility Index (VIX), climbs to highest level since May.
Coinbase cancels launch of ‘Lend’ product following SEC lawsuit threat.
Yellen warns failure to raise the debt ceiling could trigger an 'economic catastrophe.'