The Dow Jones Industrial Average fell 115 points Monday, closing out the biggest monthly percentage drop since May 2010, CNN Money reports. The S&P 500 and Nasdaq also posted big monthly slides amid concern over China's market.
A week earlier, U.S. stocks had tumbled 1,000 points, but largely recovered over the next few days. After the turmoil, the Federal Reserve is reportedly on track to raise interest rates as early as September.
Meanwhile, U.S. oil prices continued a three-day surge back to nearly $50 per barrel Monday after plummeting earlier in August.
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