Dow future drops 500 points.
The Shanghai Composite tumbled 5.6% on the news, Europe is down 2% and Dow futures are priced for a near 500 point plunge at the open, marking the biggest single-day decline of the year for U.S. stocks.
• Oil is down 2% at $60.70/bbl, gold is 0.2% higher at $1284/ounce and the 10-year Treasury yield is flat at 2.52%.
https://seekingalpha.com/news/3458967
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