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Reading: Stock Market Pares Losses, but Dow, S&P 500 Fall Nearly 2%
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The Wall Street Publication > Blog > Markets > Stock Market Pares Losses, but Dow, S&P 500 Fall Nearly 2%
Markets

Stock Market Pares Losses, but Dow, S&P 500 Fall Nearly 2%

Editorial Board Published September 20, 2021
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Stock Market Pares Losses, but Dow, S&P 500 Fall Nearly 2%
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Worries about spreading troubles from China’s property market snapped an extended streak of calm in stock indexes and sent the S&P 500 to its worst day since May.

The growing concerns over property developer China Evergrande Group, which has the biggest debt burden of any publicly traded real-estate management or development company in the world, triggered a rush out of riskier assets such as stocks, oil and bitcoin, and into safer ones. The Dow Jones Industrial Average dropped 614.41 points, or 1.8%, to 33970.47, dragged down by shares of Caterpillar Inc. and financial heavyweights such as Goldman Sachs Group Inc.

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