U.S. stock market sees highest trading volume in 4 years
U.S. stocks saw their highest trading volume in about four years Monday as stocks posted their worst declines of the year in a fifth straight day of brutal declines for the market sparked by China growth fears. More than 13.9 billion shares changed hands on exchanges linked to the Nasdaq and the New York Stock Exchange , marking the highest level of activity since Aug. 10, 2011, according to Dow Jones data. Back in 2011, fears of European contagion rattled stock investors, and around that time the Standard & Poor's stripped the United State's of its AAA rating. Now, investors are fretting that China's stock woes underscore weakness in the world's second largest economy. The Dow Jones Industrial Average ended down 588 points, or 3.6%, at 15,871.28, after staging a stunning 1,000-point drop at the open of Monday's trading session. The Nasdaq Composite Index tumbled 179.79 points, or 3.8%, to 4,526.25 and the S&P 500 fell 77.68 points, or 3.94%, to 1,893.21.
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