U.S. stocks closed sharply lower on persistent worries about the health of the Chinese economy and slumping oil prices. The main indexes are down nearly 10% from their peaks in May. The S&P 500 closed 47.18 points, or 2.4%, lower at 1,943.08. The Dow Jones Industrial Average dropped 392.14 points, or 2.3%, to 16,514.37. Meanwhile, the Nasdaq Composite ended the day down 146.34 points, or 3%, at 4,689.43.
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