US stocks drop most since May on worries over China, Fed

Worries about debt-engorged Chinese property developers - and the damage they could do to investors worldwide if they default - rippled across markets. The S&P 500 fell 75.26 points, or 1.7%, to 4,357.73, it's biggest drop since May. The Dow Jones Industrial Average fell 614.41 points, or 1.8%, to 33,970.47.

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