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China growth concerns weigh on U.S. stocks
NEW YORK (MarketWatch) — U.S. stocks closed sharply lower on Monday, with the S&P 500 falling by its largest margin in nearly seven weeks.
Investors turned skittish as they fretted about falling commodity prices and concerns about global growth.
A decline in economic activity in August, measured by Chicago Federal Reserve as well as a drop in existing-home sales contributed to the dour Wall Street mood.

The S&P 500 SPX, -0.80% closed 16.11 points, or 0.8%, lower at 1,994.29. The Dow Jones Industrial Average DJIA, -0.62% dropped 107.06 points, or 0.6%, to 17,172.68. The Nasdaq Composite COMP, -1.14% fell 52.10 points, or 1.1%, to 4,527.69.

Randy Frederick, managing director for active trading and derivatives at Charles Schwab, said that market volatility is expected to rise in the next several weeks.
“The end of tapering in October will coincide with midterm elections, which is historically a volatile period for stocks. We would caution investors in the near term and hedge against 3%-5% pullback,” Frederick said.

Data released on Monday, shows U.S. economic activity was lackluster in August. Sales of existing homes unexpectedly declined in August, for the first time in five months, the National Association of Realtors reported Monday. NAR attributed the drop to fewer all-cash sales to investors. http://www.marketwatch.com/story/us-stocks-futures-dip-as-china-rattles-traders-again-2014-09-22?link=MW_latest_news