Stocks are heading for their biggest slump since May
Stocks are heading for their biggest slump since May
By DAMIAN J. TROISE, STAN CHOE and ALEX VEIGA
Stocks slumped on Wall Street Monday, mirroring losses overseas and putting the S&P 500 index on track for its biggest drop since May.
Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — are rippling across markets. Investors are also concerned that the U.S. Federal Reserve…