US equities fall as Chinese market dive rattles markets

Wall Street equities fell Monday after a big drop in the Chinese stock market sparked worries about global economic growth.

At the closing bell, the Dow Jones Industrial Average was at 17,443.73, down 124.80 points (0.71 percent).

The broad-based S&P 500 fell 11.59 (0.56 percent) to 2,068.06, while the tech-rich Nasdaq Composite Index dropped 47.91 (0.94 percent) to 5,040.72.

Equity markets around the globe retreated after the Shanghai stock exchange plummeted 8.48 percent on fears the Chinese government will pull back on support measures that have stabilized the market the last three weeks. Key commodities, including oil and copper, also fell.

"The marketplace is trying to wrestle with whether we see a global economic slowdown that's being predicted by a sell-off of commodities," said Art Hogan, chief market strategist at Wunderlich Securities.