News Number of the Day Stock Market Concerns Cast Wide Net Number of the Day: The most relevant or interesting figure in personal finance By Rob Anthes Rob Anthes Twitter Rob Anthes uses his economics degree and a love of spreadsheets to shed light on how this era of rapid change affects your finances. A journalist for more than 14 years, he was managing editor at New Jersey-based Community News Service before tackling inflation and the student loan debate as a reporter for The Balance. learn about our editorial policies Updated on September 20, 2021 Fact checked by Helen Reis Fact checked by Helen Reis Helen is the senior news editor for The Balance and a veteran journalist with more than 17 years of experience, mostly in business and finance news. She is passionate about making complicated topics easy for everyone to understand and compulsive about accuracy and transparency. learn about our editorial policies That’s how many of the 30 stocks in the Dow Jones Industrial Average fell Monday, just one of many signs the day’s stock market selloff was felt across the board. As concerns about the stability of China’s real estate market and a brewing funding battle in the U.S. government caught fire, every major sector of the Standard & Poor’s 500 Index declined and 95 of the 100 companies listed on the Nasdaq 100 Index dropped. The Dow dropped as much as 972 points and closed at 33,970.47, down 614.41 points, or 1.8%, for the worst day since July. The S&P fell 1.7% and the Nasdaq 2.2%, the largest one-day drops for both since May. Investors were already wary that the delta variant of the coronavirus could hurt the economy, but battles in Washington over a vast spending bill proposed by Democrats and raising the government’s debt limit (to avoid a government shutdown) are compounding concerns, analysts said. Another concern is that the financial issues of a Chinese land developer, Evergrande, are so large that they could not only harm the Chinese economy, but economies elsewhere. The Securities and Exchange Commission issued a bulletin Monday focused on the risks of investing in certain companies that are exposed to China-based businesses. White House Press Secretary Jen Psaki addressed the China concern during her press briefing Monday. “We always are monitoring global markets, obviously from the Department of Treasury primarily, including the assessment of any risk to the U.S. economy, and stand prepared to respond appropriately if needed,” Psaki said. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. Federal Reserve Bank of St. Louis. "NASDAQ Composite Index." Federal Reserve Bank of St. Louis. "S&P 500." U.S. Securities and Exchange Commission. "Investor Bulletin: U.S.-Listed Companies Operating Chinese Businesses Through a VIE Structure." The White House. "09/20/21: Press Briefing by Press Secretary Jen Psaki."