NEW YORK—Stocks racked up more losses on Wall Street Monday, leaving the S&P 500 at its lowest point in more than a year.
The sell-off came as renewed worries about China’s economy piled on top of global financial markets already battered by rising interest rates.
The S&P 500 gave up 3.2 percent, adding to its losses following its fifth straight weekly loss, its longest such streak in more than a decade.
The Dow Jones Industrial Average fell 2 percent and the Nasdaq pulled back 4.3 percent as tech-oriented stocks again took the brunt of the sell-off. Monday’s sharp drop leaves the S&P 500, Wall Street’s main measure of health, down 16.8 percent from its record set early this year.
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