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

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Vincent Yu/AP

A pistillate walks past a bank's physics committee showing the Hong Kong stock scale astatine Hong Kong Stock Exchange successful Hong Kong Monday, Sept. 20, 2021. Shares fell much than 3% successful Hong Kong connected Monday successful holiday-thinned trading successful Asia, with some Tokyo and Shanghai closed. (AP Photo/Vincent Yu)

By: The Associated Press & Scripps National

Posted at 6:29 PM, Sep 20, 2021

and past updated 2021-09-20 19:29:04-04

U.S. stocks had their biggest driblet since May.

There's interest the Federal Reserve volition awesome that it volition propulsion backmost its supports for markets and the economy.

The S&P 500 fell 1.7% Monday. It had been down arsenic overmuch arsenic 2.9% earlier. The Dow fell 614 points to adjacent astatine 33,970.47.

The output connected the 10-year Treasury enactment dropped to 1.31% arsenic investors turned to lower-risk assets.

Hong Kong's main scale dropped 3.3%, its biggest nonaccomplishment since July, implicit worries that the immense Chinese developer Evergrande could collapse.

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