WASHINGTON, Sept 21 — Wall Street plunged on Monday as fear of contagion from a potential collapse of China’s Evergrande prompted a broad sell-off and sent investors fleeing equities for safety.
All 11 major S&P 500 sectors were lower, with economically sensitive groups like energy down the most.The banking sub-index dropped sharply while US Treasury prices rose as worries about the possible default of Evergrande appeared to affect the broader market. Unofficially, the Dow Jones Industrial Average fell 620.22 points, or 1.79 per cent, to 33,964.66, the S&P 500 lost 75.28 points, or 1.70 per cent, to 4,357.71 and the Nasdaq Composite dropped 325.95 points, or 2.17 per cent, to 14,718.02.
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