Games' closing ceremony 📷 Olympics highlights Perseid meteor shower 🚗 Car, truck recalls: List
NEWSLETTER
Money

The Daily Money: Stock market volatility doesn't mean it's time to fret

Portrait of Nathan Bomey Nathan Bomey
USA TODAY

Good morning, Daily Money friends, it's Nathan back with you this Wednesday!

If you checked your investments yesterday, we won't blame you if your immediate reaction was gulp.

It was a rough day for the markets.

But it's not time to panic. See our "Insight of the Day" for why.

💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

On to our ... 

💡 INSIGHT OF THE DAY: One of the reasons for the stock market's big decline on Tuesday was investors' fears that Chinese real estate developer Evergrande could collapse, causing a chain reaction that would spill into the broader financial system. "Those Chinese property companies have been big drivers of that nation's economy, which is the world’s second-largest," our Jessica Menton reports. But don't fret, she writes. "Analysts expect China’s government to prevent" a disastrous chain reaction.

📰 And here are more stories you won't want to miss:

1. J.C. Penney is closing more stores after last year's bankruptcy filing. Here's the list of store closures.

2. Do you feel stressed about whether you'll be able to fit into the rides at the theme park? Many visitors face uncertainty or embarrassment.

3. The slow-motion collapse of Sears and Kmart continues. They're closing more stores.

4. Activists are planning a widespread log-out of Facebook and Instagram in November: They want to protest social media's destructive impact.

5. Starbucks has a deal for the first day of fall. Here's how to earn a free drink Wednesday.

Read the fine print on that one!

--@NathanBomey 

Featured Weekly Ad