U.S. Stocks Plunge; S&P 500 Tumbles to Eight-Month Low

http://www.bloomberg.com/news/2010-06-29/stock-index-futures-decline-on-concern-china-s-economic-growth-set-to-cool.html

“China set the tone in the morning and then it accelerated, with investors probably exiting the market ahead of the U.S. unemployment data on Friday,” said Peter Jankovskis, who helps manage about $2.2 billion as co-chief investment officer at Oakbrook Investments in Lisle, Illinois. “The market volatility is growing, which reflects the overhang from the situation in Europe and the slowdown in China.”