Stocks tumbled on Monday due to a confluence of concerns including the imminent Fed meeting, the delta variant and potential economic disruption in China.
U.S. stock futures were about flat in overnight trading on Monday following a major sell-off on Wall Street that resulted in the S&P 500's worst day since May.
The Dow Jones Industrial Average plummeted 614 points, or 1.8%, for its biggest one-day drop since July 19. The Nasdaq Composite dropped 2.2% as growth pockets of the market were some of the hardest hit. Weakness in China's equity market reverberated into U.S. stocks on Monday. The benchmark Hang Seng index plunged 4% with as struggling real estate developer"We're going to have to see some proof that the Chinese government is taking steps to manage this," added Ma.
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