Stocks drop the most since May on worries over China, Fed

 

September 19, 2021



By DAMIAN J. TROISE, STAN CHOE and ALEX VEIGA AP Business Writers

U.S. stocks had their biggest drop since May as traders worried about potential ripple effects if a debt-laden Chinese real estate company defaults and the likelihood that the Federal Reserve will signal that it will pull back its supports for markets and the economy. The S&P 500 fell 1.7% Monday. It had been down as much as 2.9% earlier. Hong Kong's main index dropped 3.3%, its biggest loss since July, over worries that the huge Chinese developer Evergrande could collapse. The yield on the 10-year Treasury note dropped to 1....



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