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Market News: Apple, Vital Therapies, HMS Holdings

The stock markets in the United States dropped significantly today. The Dow Jones, S&P 500, and the NASDAQ fell more than 3%, the biggest one-day drop in the indexes since 2011, according to Reuters.

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The S&P 500 and NASDAQ already entered the correction territory— both dropped more than 10% from its recent high levels.

The global stock market was primarily impacted by investors concern regarding China’s slowing economic growth. The country recently devalued its currency, and recent data showed that its economy is weakening.

Commenting on the market trend, Quincy Krosby, a market strategist at Prudential Financial Inc (NYSE:PRU) told CNBC, "The market's going to be focused on China tonight to see if they come on tonight with something that would be considered a viable (way) to stimulate growth in that economy

Peter Costa, president of trading firm Empire Executions, said, “The movements...