Evergrande worries spark panic-like selling in NYSE as Dow industrials skid over 800 points Monday

Trading successful New York Stock Exchange-listed stocks connected Monday were exhibiting panic-like-selling behaviour arsenic planetary stocks confronted a crisp selloff that has been attributed partially to concerns astir the illness of Chinese developer Evergrande. The NYSE Arms Index, a measurement weighted breadth measurement that tracks the ratio of advancing banal to declining stocks implicit the ratio of advancing measurement implicit declining volume, was showing a speechmaking of 2.088 for NYSE-listed shares. Many technicians accidental a emergence to astatine slightest 2.000 suggests panic-like selling behavior. The speechmaking comes arsenic the Dow Jones Industrial Average DJIA, -2.16% was disconnected 2.4% astatine 33,762; the S&P 500 scale SPX, -2.13% was disconnected 2.4% astatine 4,327 and the Nasdaq Composite Index COMP, -2.55% was trading 2.8% little astatine 14,616.