U.S. Stocks Fall For 5th Straight Session As China Rout Resumes

The global equity selloff sparked by a Chinese stock-market rout spread to Wall Street on Monday, sending U.S. stock prices lower. The main indexes closed with losses for the fifth straight session, as disappointing earnings and lackluster economic data sapped investor confidence. The S&P 500 closed 12 points, or 0.6%, lower at 2,067.65. The Nasdaq Composite fell 48.85 points, or 1%, to 5,039.78. The Dow Jones Industrial Average ended the day down 127.94 points, or 0.7%, to 17,440.59.