Wall Street Opens in Red, as Economic Recovery Worries and China’s Property Bubble Troubles Roil Markets

Wall Street Opens in Red, as Economic Recovery Worries and China’s Property Bubble Troubles Roil Markets
Traders work during the opening bell at the New York Stock Exchange (NYSE) at Wall Street in New York on March 16, 2020. Johannes Eisele/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Wall Street’s main indexes tumbled at the opening bell on Sept. 20, as concerns about the pace of economic recovery, mixed with fears about financial contagion from China’s Evergrande troubles, put selling pressure on risk assets.

At the opening bell, the Dow Jones Industrial Average fell by 125.16 points, or 0.36 percent, to 34,459.72. The S&P 500 opened lower by 30.04 points, or 0.68 percent, at 4,402.95, while the Nasdaq Composite dropped by 285.83 points, or 1.90 percent, to 14,758.14.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
twitter
Related Topics