Stocks drop the most since May on worries over China, Fed

THE S&P 500 fell 75.26 points, or 1.7%, to 4,357.73 on Monday, it's biggest drop since May. / AP FILE PHOTO/SETH WENIG
Stocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — rippled across markets. Investors are also concerned that the U.S. Federal Reserve could signal this…

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