{"id":21008,"date":"2015-08-24T14:03:15","date_gmt":"2015-08-24T14:03:15","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=21008"},"modified":"2015-08-24T14:06:02","modified_gmt":"2015-08-24T14:06:02","slug":"21008","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=21008","title":{"rendered":"Opening Minutes Of U.S. Stock Markst Sees An Unprecedented 1000 Point Drop"},"content":{"rendered":"

Dow dives more than 1,000 in heavy sell-off after stocks tumble worldwide<\/h1>\n

<\/p>\n

\"Specialist<\/a>

Specialist David Vadala prepares for the day’s trading on the floor of the New York Stock Exchange on Aug. 24. (Richard Drew \/ Associated Press)<\/p><\/div>\n

By <\/span>JAMES F. PELTZ
\nLA Times<\/p>\n

August 24, 2015 8:42 AM<\/p>\n

The U.S. stock market plummeted in its opening with the Dow Jones industrial average losing more than 1,000 points, or 6%, in the opening moments. It soon pulled back a bit to a loss in the mid-500 range.<\/p>\n

The markets had been bracing for a rough opening Monday morning after markets plunged again in China and elsewhere in Asia and Europe amid growing fears about China’s slowing economy.<\/p>\n

China’s benchmark indicator, the Shanghai composite index, tumbled 8.5% on Monday and again triggered a global selloff, extending the rout that erupted Thursday and worsened Friday.<\/p>\n

\"Screen<\/a>The Nikkei index in Japan skidded 4.6%, as did the Stoxx Europe 50 index in Europe. Major indices also fell in Germany and Taiwan.<\/p>\n

In U.S. markets, the Dow Jones industrial average had lost nearly 900 points over Thursday and Friday.<\/p>\n

The blue-chip average began Monday down 10.1% from the record high it reached in mid-May, reaching the 10% decline that generally defines a “correction” in the market.<\/p>\n

The Standard & Poor’s 500 was down 9.8% over the two days and the Nasdaq composite index dropped 7.5%.<\/p>\n

China’s stock market has plunged nearly 40% since it reached a record high in mid-June amid traders’ growing fears that the slowdown in China’s economy could affect corporations worldwide that do business with China.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dow dives more than 1,000 in heavy sell-off after stocks tumble worldwide<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21008","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/21008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21008"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/21008\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}