U.S. Stocks Drop With Concerns Over Energy Prices, Bond Program

Wall Street on Monday was heading for its worst day in months, part of a global sag as a chain of worries — including the troubles of the Chinese property giant Evergrande and questions over Federal Reserve’s exit from its large bond-buying program — weighed on investors’ minds.

The S&P 500 was down 2 percent at midday, on track for its worst one-day slide since May 12. The index has dropped for two consecutive weeks, and before the decline on Monday, it was down more than 2 percent since a record high on Sept. 2.

Keep reading this article on The New York Times Business.

Leave a Reply