Stock Markets Latest News: Dow Sheds 200: China, Europe Add Fuel to U.S. Selloff

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Stock Markets Latest News: Dow Sheds 200: China, Europe Add Fuel to U.S. Selloff

by Wochit 0:47 mins

Stock Markets Latest News: Dow Sheds 200: China, Europe Add Fuel to U.S. Selloff

by Wochit 0:47 mins

Not only did China's benchmark Shanghai Index shed 5%, but every major equity market in Asia and Europe closed lower, adding to the weight upon U.S. stocks Stocks sold off as a continued rise in Treasury yields and a steep tumble in Chinese stocks fueled further weakness. Global markets are reacting to uncertainty stoked by recent announcements by the Federal Reserve. The Fed's hazy timetable for winding down its stimulus programs and new signs of a cash strain in China are hammering global markets and U.S. stock futures.

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