U.S Stocks Open Sharply Lower as Global Stocks Meltdown, Led by China

U.S. stocks had one of its worst opens ever Monday following global stocks in a severe worldwide correction.
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U.S. stocks had one of its worst opens ever Monday following global stocks in a severe worldwide correction. It started in China with the Shanghai Composite Index losing 8.5% despite promises from the Chinese government to allow pension funds to invest in equities. GoPro (GPRO) is set to open at its lowest level since April 1. Energy company AGL Resources (GAS) could be a rare winner today as it received a $12 billion buyout bid from Southern Company (SO). The national economic activity index from the Chicago Federal Reserve shows that the U.S. economy grew in July. Oil prices fell below $39 a barrel to their lowest levels since March 2009. Apple (AAPL) says it will recall some iPhone 6 models that have a defective camera. The phones are taking blurry pictures. Apple says the phones were sold between September 2014 and January 2015.