Stocks Slammed By China And Fed
NEW YORK (CNNMoney)
U.S. stocks tumbled to their lowest levels in two months Monday, as persistent worries about the Fed easing up on stimulus were exacerbated by a plunge in Chinese stocks.
The Dow Jones industrial average tumbled more than 200 points, or 1.5%, while the S&P 500 sank 1.8% and the Nasdaq lost 1.7%.
Fears about China pushed the CBOE Market Volatility Index (VIX) up above 21 to its highest level of the year. The CNNMoney Fear & Greed Index dropped further into Extreme Fear, clocking in at its lowest level since June 2012.
Commodities were under pressure amid worries about a slowdown in global economic growth. Cooper prices sank nearly 3%. Both crude oil and Brent crude prices dropped to a three-week lows.
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http://money.cnn.com/2013/06/24/investing/stocks-markets/index.html?iid=s_mpm