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Economy

U.S. Stocks Plunge on China Fears

NEW YORK – U.S. markets plunged at the open the morning of Aug. 24 following a big drop in Chinese stocks. The Dow Jones industrial average fell more than 1,000 points in early trading.

The Dow was 783 points, or 4.8 percent, lower as of 9:40 a.m. Eastern time. The Standard & Poor’s 500 index dropped 87 points, or 4.5 percent, to 1,882. The Nasdaq composite fell 247 points, or 5.1 percent, to 4,465 points.

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