S&P 500 Plunges to August Low on Global Growth Concern

U.S. stocks declined, with the Standard & Poor’s 500 Index slumping to an eight-week low, as the International Monetary Fund cut it growth forecast and warned of “frothy” equities amid signs of slowing growth in Europe.

The Russell 2000 Index of small companies retreated 1.7 percent, the most since July 31, to bring its loss since a March record to 11 percent. The Dow Jones Transportation Index plunged