US Markets Plunge as Chinese Economy Fears Revive Global Jitters

World stock markets got off to a rocky start in September closing sharply down on fears that China’s slowing economy will hurt economies across the globe. In the US all the major indices closed down, the second fall of the week, following similar falls in Europe and Asia. The Dow Jones Industrial Average closed down 2.8% at 469 points, the S&P 500 closed down 2.95% and the Nasdaq down 2.95%. Speaking in Indonesia, Christine Lagarde, head of the International Monetary Fund, said the global economy was weaker than the IMF had expected. http://www.theguardian.com/business/2015/sep/01/us-markets-close-down-china-economy http://www.wochit.com This video was produced by Wochit using http://wochit.com