Traders work on the floor of the New York Stock Exchange August 24, 2015. REUTERS/Brendan McDermid
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Investors rattled about China sent U.S. stock indexes almost 4 percent lower Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple.The Dow Jones industrial average closed down 588.4 points, or 3.57 percent, at 15,871.35 .The S&P 500 lost 77.68 points, or 3.94 percent, to 1,893.21, putting it formally in correction mode. An index is considered to be in correction when it closes 10 percent below its 52-week high. The S&P 500 index showed 187 new 52-week lows and just two highs, while the Nasdaq recorded 613 new lows and eight highs.
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