Chinese stocks

VIDEO: White House urges Chinese financial reforms

Though the declines eased significantly as the morning went on, it sent a shiver of fear through Americans with retirement accounts or saving to buy a home that the bull market is over.

At the White House, Press Secretary Josh Earnest said the US government has been urging senior Chinese officials to adopt financial reforms and make its monetary exchange rate system more market driven.

VIDEO: Explaining the Dow's Big Monday Drop

The Dow Jones industrial average fell more than 1,000 points and the Standard & Poor's 500 index fell into correction territory - that's Wall Street jargon for a drop of 10 percent or more from a recent peak.

Treasuries surged as investors bought less risky assets.

US stocks plunge in early trading after Chinese stock rout

The Dow Jones industrial average fell more than 1,000 points in early trading and the Standard & Poor's 500 index fell into correction territory, that's Wall Street jargon for a drop of 10 percent or more from a recent peak.

Treasuries surged as investors bought less risky assets.

Scary headlines don't deter investors

You might think it's been a rough year for investors, but it's mostly been a smooth ride — and a profitable one.

Money is flowing into bonds issued by the riskiest of companies, home prices in some big U.S. cities are soaring, shares of technology companies are still near all-time highs, even after a drop this week, and auction houses are enjoying record sales of art.