U.S. financial markets opened 2016 with a nosedive Monday morning after a nearly 7 percent plunge in China, following escalating tensions in the Middle East and weak Chinese manufacturing data. The Dow Jones Industrial Average was down more than 2 percent; the Nasdaq Composite fell 2.2 percent; and the Standard & Poor’s 500 dropped 1.8 percent. The Chinese selloff led to an emergency suspension of trading.
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