Monday-Wednesday’s Action: S&P 500 Tests Aug’s Lows; Russell Breaks Below
Stocks were clobbered on Monday after fear spread regarding the global economy. Shares of Glencore ($GLCNF) continued to plunge alongside of other commodity-sensitive stocks. Asian markets closed mixed on Monday as data from China showed industrial profits slid 8.7% in August from a year earlier. That was the largest drop since 2011.