US stocks tumble 1.5% at open amid Evergrande turbulence

#Business, #Dow Jones industrial average, #Evergrande, #International Markets, #Nasdaq Composite, #S&P 500, #World News

Major US stock indices tumbled at the start of trading Monday as traders braced for the fallout from the expected collapse of debt-plagued Chinese property giant Evergrande.

The benchmark Dow Jones Industrial Average was down 1.5 percent at 34,074.21 at the open.

The broad-based S&P 500 lost 1.6 percent to 4,364.42 and the tech-rich Nasdaq Composite Index fell 0.9 percent to 15,043.97.

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