Dow tries to rebound after plunge

NEW YORK (AP/WOLO) — After a rocky start this morning, The Dow Jones industrial average is making something of a comeback after plunging 1,089 points minutes after the market opened. Growing concerns about a slowdown in China had already shaken markets around the world on Friday, driving the U.S. stock market sharply lower. The Dow has been only about 100 points in the red in midday trading. A wave of selling has circled the globe after the historic plunge in Chinese stocks. The declines sent a shiver of fear through Americans who have retirement accounts or are saving to buy a home. The S&P 500 dropped 19 points, or 1%, to 1952, entering correction territory. The Nasdaq Composite fell 18 points, or 0.4%, to 4688. Photo courtesy of The Associated Press