New year gift from China to U.S. stock markets on Monday: “Large loses”

On Monday (January, 2016), the U.S stock markets were highly negative, caused by increasing concerns on global economic slowdown related to China’s economy. After the weak manufacturing data, China’s Shangai Composite Index fell almost 7%, causing global markets downside¬†. Also, increasing tension between Saudi Arabia and Iran ¬†extented the loses in the markets.

As a result, the Dow Jones Industrial Average (DJIA) decreased by 1.58% to 17,149; the S&P 500 (SPX) fell by 1.51%, to 2,013; the Nasdaq Composite (COMP) fell by 2.09%, to 4,903.