China slump, higher bond yields weigh on markets

More signs of distress in China’s economy and rising U.S. bond yields caused a big drop in U.S. stocks on Monday.

The Dow Jones industrial average had been down as much as 247 points after the first hour of trading but recovered about half of that loss by late morning.

Banks and basic materials companies led a broad decline in U.S. stocks as traders fretted over a 5 percent slump in China’s benchmark index and a tightening of lending in the world’s second-largest economy.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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