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Sept. 20, 2021, 1:20 p.m. EDT

Evergrande worries spark panic-like selling in NYSE as Dow industrials skid over 800 points Monday

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By Mark Decambre

Trading in New York Stock Exchange-listed stocks on Monday were exhibiting panic-like-selling behavior as global stocks confronted a sharp selloff that has been attributed partly to concerns about the collapse of Chinese developer Evergrande. The NYSE Arms Index, a volume weighted breadth measure that tracks the ratio of advancing stock to declining stocks over the ratio of advancing volume over declining volume, was showing a reading of 2.088 for NYSE-listed shares. Many technicians say a rise to at least 2.000 suggests panic-like selling behavior. The reading comes as the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.34% was off 2.4% at 33,762; the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.18% was off 2.4% at 4,327 and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.83% was trading 2.8% lower at 14,616.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,022.04
-461.68 -1.34%
Volume: 498.38M
Dec. 1, 2021 5:04p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,513.04
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,254.05
-283.64 -1.83%
Volume: 5.47M
Dec. 1, 2021 5:16p
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