Stocks Slide After China Crash

U.S. stocks fell on Monday after the biggest slump in eight years for Chinese shares amid concern over the nation’s economic growth. At close, the Dow Jones Industrial Average dropped 127.94 points, or 0.73%, to 17,440.59. The S&P 500 was down 12.01 points, or 0.58%, to 2,067.64. The Nasdaq Composite fell 48.85 points, or 0.96%, to 5,039.78.

Restaurant Brands International Inc , formed out of Burger King’s takeover of Canadian coffee chain Tim Hortons last year, reported a better-than-expected quarterly profit as new menu items helped attract customers. Burger King’s comparable sales rose 6.7%, the most in nearly a decade.

Federal regulators hit Fiat Chrysler Automobiles NV with a record $105 million fine for recall lapses covering millions of vehicles, adding to mounting scrutiny of the auto maker’s safety practices.

The president of Mitsubishi Motors Corp (7211.T) said Japan, Southeast Asia and Russia will become the automaker’s principal production hubs after it quits making cars in the United States later this year because of dwindling sales there.

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