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Dow tumbles more than 500 points at open as Evergrande jitters rattle investors

Dow tumbles more than 500 points at open as Evergrande jitters rattle investors
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Stocks opened sharply lower Monday, with pressure tied to worries over spillover effects from the potential collapse of China property giant Evergrande, as well as nervousness ahead of this week's meeting of Federal Reserve policy makers and other concerns. The Dow Jones Industrial Average was down 530 points, or 1.5%, while the S&P 500 fell 1.7% to around 4,360. The Nasdaq Composite dropped 1.9% to 14,762.