Stocks rebound from S&P 500’s worst day since May.

Daily Business BriefingSept. 21, 2021Updated 

Sept. 21, 2021, 1:27 p.m. ET

Sept. 21, 2021, 1:27 p.m. ET

Wall Street began to recover on Tuesday from its worst decline in months, posting a small gain in a day of turbulent trading.

The S&P 500 rose about half a percent, after swinging between gains and losses earlier.

On Monday, the index dropped 1.7 percent, its worst day since May, as fears of a potential default at the property giant China Evergrande Group sent shock waves through global markets.

The Stoxx Europe 600 rose 1 percent on Tuesday, rebounding from a 1.7 percent slump the previous day.

In Asia, the Hang Seng Index in Hong Kong rose just 0.5 percent after dropping 3.3 percent on Monday.

The Nikkei 225 in Japan dropped 2.2 percent on Tuesday. It was closed on Monday for a holiday, along with several other major Asian markets.

Evergrande has huge debts and

Keep reading this article on The New York Times Business.

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