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NEW YORK — A brief 1,000-point plunge in the Dow just minutes after stocks opened for trading sends shivers of fear from Wall Street to Main Street. Though the losses eased as the morning went on, worries about China's economy reverberate around the world and leave uncertainty about what the market will do next. By Alex Veiga and Steve Rothwell. SENT: 800 words, photo. UPCOMING: 800 words with new approach by 6 p.m.
CHINA SLOWDOWN-GLOBAL IMPACT
China is exporting something new to the global economy: fear. Behind the plunge in stock prices is more than concern that a weakening China will squeeze Western economies. Confidence in Beijing's control of its economy appears to be evaporating. By Paul Wiseman. UPCOMING: 900 words by 4 p.m.
— CHINA-STOCK MARKET SLIDE — China's stock market falls by its biggest margin in eight years, defying the government's multibillion-dollar effort to stop a slide that has wiped out the gains of this year's price boom. The decline threatened to weigh anew on global markets after last week's Chinese losses triggered a worldwide selloff. By Joe McDonald. SENT: 730 words, photos. UPCOMING: Will be updated.
— FINANCIAL MARKETS INVESTOR PERSPECTIVES — A look at several investors and the impact the stock market downturn is having on their lives. UPCOMING: 500 words by 4 p.m.
— FINANCIAL MARKETS-5 REASONS FOR JITTERS — For years, investors in U.S. stocks shrugged off threats — a government shutdown, fear of a euro collapse, a near U.S. debt default — and just kept on buying. Now, buyers are hard to find. By Bernard Condon and Ken Sweet. SENT: 930 words, photo. A version of this story moved previously.
— FINANCIAL MARKETS-GLOBAL INDEXES-GLANCE
— FINANCIAL MARKETS-STOCK CORRECTIONS-Q&A. Moved in previous cycle.
— OIL PRICES — Oil heads to its first sub-$40-a-barrel close since the Great Recession. SENT: 120 words. UPCOMING: 300 words by 3:30 p.m.
NEW YORK — Gone are the lavish spending sprees that defined the back-to-school season, starting weeks before school bells rang. Being thrifty is top of mind of most teens nowadays, a habit they picked up from their recession-scarred parents. By Anne D'Innocenzio. SENT: 1,140 words, photos, video.
MARKETS & ECONOMY:
AP ECONOMY SURVEY
WASHINGTON — For much of the economy's fitful and sluggish recovery from the Great Recession, analysts have foreseen a sunnier future: Growth would pick up in six months, or in a year. That was then. The latest AP survey of economists shows that most now foresee a weaker expansion than they had earlier. By Christopher S. Rugaber. SENT: 680 words.
— NABE ECONOMY SURVEY — The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey. By Ken Sweet. SENT: 340 words.
— RUSSIA-RUBLE — The Russian ruble plunges 2.3 percent to hit a seven-month low amid a further drop in oil prices, the country's key export. SENT:320 words, photo.
— KAZAKHSTAN-ECONOMY — Kazakhstan's currency recovered some of its recent losses against the dollar with a 15 percent rise, even as the country's stock market slumps. SENT: 230 words.
— SOUTH AFRICA-CURRENCY DROPS — The prospects of rising interest rates in the United States, coupled with a downturn in the Chinese economy contributed to the South African currency's record drop, economists say. SENT: 320 words.
— PFIZER-HOSPIRA-APPROVAL — Drugmaker Pfizer says it's received the final regulatory approvals for its $15.23 billion purchase of injectable drug and infusion device maker Hospira, and says the deal will close in early September. SENT: 240 words.
— SOUTHERN-AGL — Southern Co. is buying AGL Resources Inc. for approximately $7.93 billion, which will create the second-biggest utility company in the U.S. by customer base. SENT: 220 words, photo.
— SYCAMORE-BELK — Department store chain Belk Inc. says it has agreed to sell itself to New York-based private equity firm Sycamore Partners and go private in a deal that it valued at about $3 billion. SENT: 130 words.
— SMALLBIZ-GET STARTED — The number of U.S. businesses owned by minority women is soaring, and outstripping U.S. business growth in general. By Joyce M. Rosenberg. SENT: 280 words.
— TARGET-DISCRIMINATION — Target Corp. has agreed to pay $2.8 million to settle a hiring discrimination claim filed by the U.S. Equal Employment Opportunity Commission. SENT: 270 words.
EGG FARM-FORCED LABOR
MARION, Ohio — The thousand-mile journey to the Texas border was supposed to bring the Guatemalan teenagers to a better life. Instead, prosecutors say they were fraudulently plucked from U.S. custody by conspirators posing as friends or family who forced them to work as virtual slaves. By Mitch Stacy. SENT: 820 words, photo.
HEALTH OVERHAUL-TAX CONFUSION
WASHINGTON — Sign-up season for President Barack Obama's health care law doesn't start for another couple of months, but the next few days are crucial for hundreds of thousands of customers who risk losing financial aid when they renew coverage for 2016. By Ricardo Alonso-Zaldivar. SENT: 820 words, photos.
— FALCONS STADIUM — Mercedes-Benz, which already has its name on the New Orleans Superdome, is announced as the title sponsor of Atlanta's new $1.4 billion stadium. By Paul Newberry. SENT: 750 words, photo.
— OUTDOOR RETAILER SHOW — The world's largest outdoor retail show is staying in Salt Lake City despite a shortage of lodging and meeting space. By Brady McCombs. SENT: 150 words, photos. UPCOMING: Will be updated.
— OBAMA — Pushing back against fossil fuel interests, President Barack Obama is pressing to give ordinary Americans more power to choose what kind of power they use. By Nancy Benac. SENT: 520 words, photos. UPCOMING: Will be updated from speech scheduled for 8 p.m.
TECHNOLOGY & MEDIA:
TORONTO — The hack of the cheating website Ashley Madison has triggered extortion crimes and led to two unconfirmed reports of suicides, Canadian police say. By Rob Gillies. SENT: 430 words.
— GREECE-ELECTIONS — A new anti-austerity party formed by rebel lawmakers who quit the governing left-wing Syriza is given its chance to seek government coalition partners and prevent Greece from holding its third national vote this year, although chances of averting the election are virtually nil. By Elena Becatoros. SENT: 770 words, photos.
— GREECE-GOLD MINE — Greek police arrest two union leaders after hundreds of miners blocked roads to protest the temporary closure of a controversial gold mine in northern Greece. SENT: 150 words.
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More than two-thirds of the stocks in the Dow Jones industrial average are in correction territory, having fallen more than 10 percent from their 52-week high. UPCOMING: Graphic expected by 6 p.m.
Pfizer deal approved
Pfizer receives the final regulatory approval needed to complete its $15.23 billion purchase of injectable drug and infusion device maker Hospira. UPCOMING: Graphic expected by 6 p.m.