Category: Companies / June 24, 2013 5:00 PM EDT
Although Wall Street managed to shed some of the day's losses, U.S. stocks were still down after continuing concerns about the Fed’s plans to scale back its monetary policy.
Stocks fell over 1 percent early in the session Monday, amid stimulus fears coupled along with concerns that China may begin to tighten its financial policy. The Shanghai Composite suffered its worst one-day sell off in nearly four years.
The Dow Jones industrial average .DJI fell 139.61 points, or 0.94 percent, to close at 14,659.56. The Standard & Poor's 500 Index .SPX was down 19.34 points, or 1.21 percent, to finish at 1,573.09. The Nasdaq Composite Index .IXIC was down 36.49 points, or 1.09 percent, to close at 3,320.76.
Video Credit: Reuters