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Dow closes off nearly 500 points as Fed speak, China worries rattle markets

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U.S. stocks finished sharply lower on Monday as worries about the protests in China and several senior Fed officials’ hawkish comments rippled across markets. The Dow Jones Industrial Average closed off 497.57 points, or 1.5%, to 33,849.46:

U.S. stocks finished sharply lower on Monday as several senior Federal Reserve officials hurt demand for stocks with hawkish commentary, while worries about the burgeoning protest movement in China rippled across global markets.

The S&P 500 SPX, -1.54% finished down 62.17 points, or 1.5%, to 3,96395. The Dow Jones Industrial Average DJIA, -1.45% closed off 497.57 points, or 1.5%, to 33,849.46. The Nasdaq Composite COMP, -1.58% closed 176.86 points, or 1.6%, lower at 11,049.50.

 

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