wall street


Wall Street hit by sharp decline in energy stocks

The US stock market endured its worst performance in 18 months, driven lower by another slump in Chinese shares and heavy selling by technical traders. The global rout started in China, where sharp declines in energy and property stocks pushed the Shanghai Composite down more than 3%. That selling soon spread to European and US markets, where the Standard & Poor’s 500 index moved further below a closely watched trading level.