U.S. stocks are likely to have another hideous day because of China’s ongoing stock market crash

Futures for the Dow Jones Industrial Average — which frequently predict the behavior of the U.S. markets throughout the day — are down 500 points early Monday

The futures are reflecting the dire situation of the Chinese stock market

The Shanghai Composite Index, the most closely watched collection of stocks in China, took another tumble on Monday, dropping 8.5% to extend the country’s recent market crash. Including Friday’s decline, the index is now down almost 40% from its peak in early June. The struggles have led to some ugly scenes in China, including the head of a small metals exchange Fanya Metals Exchange recently being accosted by a mob, which turned him over to police Read more…

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U.S. stocks teeter on meltdown as China continues to flounder