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The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothersāor maybe the next Silverado?āechoed through the canyons of Wall Street as investors prepared for the worst.
If riding a bucking bronco is your idea of fun, youāre going to love what the stock market has in store. Consider this past weekās ride a preview.The weekās action didnāt look like much, if you didnāt know better. The Dow Jones Industrial Average rose 213.12 points or 0.6%, while the S&P 500 advanced 0.5%, and the Nasdaq Composite ended little changed.
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