It's another brutal day on Wall Street. Stocks opened sharply lower at the open after Chinese markets plunged for a second day. The Shanghai composite dropped seven percent in less than a half-hour before trading was halted for the day.
The Dow spiraled downward a whopping 393 points to close at 16,513. The Nasdaq lost an astounding 147 points to close at 4,689. The S&P took a 47 point swan dive to close at 1,943.
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