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  4. US stocks edge lower as August slump continues amid China property woes

US stocks edge lower as August slump continues amid China property woes

Phil Rosen   

US stocks edge lower as August slump continues amid China property woes

  • Stocks moved lower on Monday, with the Nasdaq Composite coming off its first back-to-back losing weeks of the year.
  • Chinese property giant Country Garden dropped to a record low after suspending bond trading.

US stocks dipped early Monday, after the Nasdaq Composite recorded its first back-to-back losing weeks of the year.

Meanwhile, Asian markets declined Monday and shares of Chinese property giant Country Garden hit a record low after it announced the suspension of bond trading amid its cash crunch.

Stocks have slumped in the closing month of summer, and investors will be watching for a rebound later this week as earnings from Target, Home Depot, and Walmart roll out. Retail sales data for July will come out Tuesday.

Here's where US indexes stood as the market opened 9:30 a.m. on Monday:

Here's what else is going on:

In commodities, bonds, and crypto:



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