Alva Review-Courier -

Wall Street's losses worsen as markets tumble worldwide


NEW YORK (AP) — Stocks racked up more losses on Wall Street Monday, leaving the S&P 500 at its lowest point in more than a year.

The sell-off came as renewed worries about China's economy piled on top of global financial markets already battered by rising interest rates.

The S&P 500 tumbled 3.2%, deepening its losses following five straight down weeks, its longest such streak in more than a decade.

The Dow Jones Industrial Average fell 2% and the Nasdaq pulled back 4.3% as tech-oriented stocks again took the brunt of the selling. Monday's sharp drop leaves the S&P 500, Wall Street's main...

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