BAD NEWS: from WSJ
Stocks slid Monday, including one of the swiftest, bloodiest late-day drops yet in a month that's been chock full of them...
The S&P 500 was off 3.2% to 848.92. All its sectors ended in the red, led by basic materials, off 7.4%; energy, off 6.4%; and industrials, off 5.4%. The technology-focused Nasdaq Composite Index fell 3% to 1505.90. The small-stock Russell 2000 fell 4.8% to 448.40.
The U.S. session got off to a sour start following a selloff in overseas shares driven by economic fears. Hong Kong's Hang Seng Index plunged 12.7%, and Tokyo's Nikkei 225 Average slid 6.4% to its worst level in 26 years. Investors fretted that the recent, rapid appreciation of the yen could harm Japan's export-dependent economy.
GOOD NEWS: AND THE DARLING OF BAY STREET WAS UP 19%!