Evergrande Default Triggers Massive Selloff of All 30 DOW Stocks

All 30 Dow stocks fall as Evergrande default fears spark selloff

By Tomi Kilgore

Shares of all 30 components of the Dow Jones Industrial Average DJIA, -0.48% are trading lower in Monday’s premarket, led by financials, as part of a global equity selloff sparked by concerns over the collateral damage from the potential default by China-base real estate developer Evergrande Group EGRNY, +28.84% 3333, -10.24%. Among the biggest early decliners, shares of American Express Co. AXP, +0.79% sank 2.9%, Goldman Sachs Group Inc. GS, -1.32% gave up 2.5% and J.P. Morgan Chase & Co. JPM, -0.26% shed 2.5%. The most active Dow stock was Apple Inc.’s AAPL, -1.83%, which slid 1.2%. The best performer was Traveler Companies Inc.’s stock TRV, -0.24%, which slipped just 0.1%. Meanwhile, Dow futures YM00, -1.80% tumbled 540 points, or 1.6%.


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