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US stocks futures mostly higher day after Evergrande shakes up markets
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U.S. equity futures were trading mixed a day after worries about spreading contagion from troubles in China’s property market smashed an extended streak of calm in the stock market and sent the S&P 500 toward its worst day since May.
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On Monday, U.S. stocks logged their biggest drop since May, with the tech-heavy Nasdaq composite sinking 2.2%.
The S&P 500 tumbled 1.7% on Monday to 4,357.73, its biggest drop since May. The S&P 500 was coming off two weeks of losses and is on track for its first monthly decline since January.
The Dow Jones Industrial Average fell 1.8% to 33,970.47. The Nasdaq shed 2.2%, to 14,713.90. The Russell 2000 dropped 2.4% to 2,182.20.
Technology companies led the broader market lower. Apple fell 2.1% and chipmaker Nvidia dropped 3.6%.
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