Wall Street Hit By Steep Sell-Off, Dow Falls 600; Was down 900
(New York, NY) — Wall Street is closing in the red after a steep sell-off. Stocks trimmed some losses after the Dow Jones Industrial Average fell more than 900 points earlier in the session. The impending collapse of a major Chinese property developer rattled investors along with the rise in Delta variant cases and the looming deadline on the U.S. debt ceiling. At the closing bell, the Dow Jones Industrial Average lost 614 points to 33-970. The S&P 500 fell 75 points to 43-57. And, the Nasdaq lost 330 points to 14-713.