Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy. The S&P 500 was 0.4% lower at the open of Tuesday’s trading after data showed a deepening slump for the world’s second-largest economy. The Dow was down 133 points, and the Nasdaq was 0.3% lower. A separate report on the U.S. economy was more encouraging, showing sales at retailers accelerated by more last month than expected. That raises hopes the U.S. economy can avoid a recession, but it also raises the threat that the Federal Reserve will keep interest rates high for longer to snuff out inflation.
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